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Forex Trend Analysis Report

Prepared for you on Friday, June 14, 2024.

Ethiopian Birr/Euro (FOREX:ETBEUR)

Bull Market Weakness (+75) - ETBEUR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on ETBEUR as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid ETBEUR?

MarketClub looks at technical strength and momentum to determine if the timing is right for ETBEUR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_ETBEUR
Open High Low ETBEUR Price Change
0.01634396 0.01634396 0.01634396 0.01634396 0.00000000
Entry Signal

MarketClub’s Trade Triangles for ETBEUR

long term down The long-term trend has been DOWN since Nov 16th, 2023 at 0.01649352

intermediate term up The intermediate-term trend has been UP since Jun 10th, 2024 at 0.01608669

short term up The short-term trend has been UP since Jun 10th, 2024 at 0.01599064

Smart Scan Analysis for ETBEUR

Based on our trend formula, ETBEUR is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for ETBEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.01634396 0.01634396 0.01634396 0.01634396 0.00000000
Prev. Close Volume Bid Ask Time
0.01634396 2024-06-14 07:26:15
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