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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.

FOREX_ETBEUR
Open High Low ETBEUR Price Change
0.01747338 0.01747338 0.01747338 0.01747338 0.00000000
Entry Signal

MarketClub’s Trade Triangles for ETBEUR

long term down The long-term trend has been DOWN since Nov 15th, 2022 at 0.01853759

intermediate term up The intermediate-term trend has been UP since Feb 6th, 2023 at 0.01722833

short term up 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).

-60
Smart Scan Analysis for ETBEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.01747338 0.01747338 0.01747338 0.01747338 0.00000000
Prev. Close Volume Bid Ask Time
0.01747338 2023-03-18 03:55:54
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