Forex Trend Analysis Report
Prepared for you on Monday, March 20, 2023.
Ethiopian Birr/British Pound (FOREX:ETBGBP)
Crossroads (-60) - ETBGBP 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 ETBGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for ETBGBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ETBGBP
The long-term trend has been UP since Mar 8th, 2023 at 0.01558877
The intermediate-term trend has been DOWN since Mar 17th, 2023 at 0.01534357
The short-term trend has been DOWN since Mar 17th, 2023 at 0.01548056
Smart Scan Analysis for ETBGBP
Based on our trend formula, ETBGBP is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).