Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Monday, December 4, 2023.

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
0.01637525 0.01637525 0.01637525 0.01637525 0.00000000
Entry Signal

MarketClub’s Trade Triangles for ETBEUR

long term down The long-term trend has been DOWN since Nov 16th, 2023 at 0.01649352

intermediate term down The intermediate-term trend has been DOWN since Oct 19th, 2023 at 0.01704247

short term down The short-term trend has been DOWN since Oct 30th, 2023 at 0.01695972

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
0.01637525 0.01637525 0.01637525 0.01637525 0.00000000
Prev. Close Volume Bid Ask Time
0.01637525 2023-12-04 07:30:28
Get a free daily analysis and signals for Ethiopian Birr/Euro (ETBEUR) - Request Your Free Report.