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Forex Trend Analysis Report

Prepared for you on Monday, November 23, 2020.

Ethiopian Birr/Euro (FOREX:ETBEUR)

Long-Term Downtrend (-90) - ETBEUR is in a strong downtrend that is likely to continue. While ETBEUR is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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
0.02213255 0.02213255 0.02213255 0.02213255 0.00000000
Entry Signal

MarketClub’s Trade Triangles for ETBEUR

long term down The long-term trend has been DOWN since Jun 30th, 2020 at 0.02570278

intermediate term down The intermediate-term trend has been DOWN since Oct 13th, 2020 at 0.02294638

short term down The short-term trend has been DOWN since Oct 13th, 2020 at 0.02294638

Smart Scan Analysis for ETBEUR

Based on our trend formula, ETBEUR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for ETBEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.02213255 0.02213255 0.02213255 0.02213255 0.00000000
Prev. Close Volume Bid Ask Time
0.02215182 2020-11-20 05:24:14
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