Forex Trend Analysis Report
Prepared for you on Monday, March 20, 2023.
Ethiopian Birr/Euro (FOREX:ETBEUR)
Crossroads (-60) - ETBEUR is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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.
MarketClub’s Trade Triangles for ETBEUR
The long-term trend has been DOWN since Nov 15th, 2022 at 0.01853759
The intermediate-term trend has been UP since Feb 6th, 2023 at 0.01722833
The short-term trend has been UP since Mar 8th, 2023 at 0.01751022
Smart Scan Analysis for ETBEUR
Based on our trend formula, ETBEUR is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).