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Forex Trend Analysis Report

Prepared for you on Friday, March 5, 2021.

Ethiopian Birr/Euro (FOREX:ETBEUR)

Bear Market Rally (-75) - ETBEUR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on ETBEUR as it may be in the beginning 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
0.02054649 0.02054649 0.02054649 0.02054649 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 Feb 9th, 2021 at 0.02084597

short term up The short-term trend has been UP since Mar 4th, 2021 at 0.02051563

Smart Scan Analysis for ETBEUR

Based on our trend formula, ETBEUR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for ETBEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.02054649 0.02054649 0.02054649 0.02054649 0.00000000
Prev. Close Volume Bid Ask Time
0.02054649 2021-03-04 21:09:26
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