Forex Trend Analysis Report
Prepared for you on Thursday, April 9, 2020.
Ethiopian Birr/British Pound (FOREX:ETBGBP)
Sidelines Mode (+55) - ETBGBP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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 23rd, 2020 at 0.02531574
The intermediate-term trend has been UP since Mar 16th, 2020 at 0.02439803
The short-term trend has been DOWN since Mar 29th, 2020 at 0.02524333
Smart Scan Analysis for ETBGBP
Based on our trend formula, ETBGBP is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).