Forex Trend Analysis Report
Prepared for you on Sunday, November 29, 2020.
Ethiopian Birr/British Pound (FOREX:ETBGBP)
Strong Downtrend (-100) - ETBGBP is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
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 DOWN since Jun 2nd, 2020 at 0.02357638
The intermediate-term trend has been DOWN since Oct 13th, 2020 at 0.02090633
The short-term trend has been DOWN since Oct 13th, 2020 at 0.02090633
Smart Scan Analysis for ETBGBP
Based on our trend formula, ETBGBP is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).