Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Friday, April 26, 2024.
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.
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MarketClub’s Trade Triangles for ETBEUR
The long-term trend has been DOWN since Nov 16th, 2023 at 0.01649352
The intermediate-term trend has been UP since Mar 28th, 2024 at 0.01623920
The short-term trend has been DOWN since Apr 18th, 2024 at 0.01651171
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.01648349 | 0.01648349 | 0.01648349 | 0.01648349 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.01637222 | 2024-04-23 21:01:42 |