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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.

FOREX_ETBGBP
Open High Low ETBGBP Price Change
0.02481984 0.02481984 0.02469777 0.02469777 -0.00012200
Entry Signal

MarketClub’s Trade Triangles for ETBGBP

long term up The long-term trend has been UP since Mar 23rd, 2020 at 0.02531574

intermediate term up The intermediate-term trend has been UP since Mar 16th, 2020 at 0.02439803

short term down 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).

+55
Smart Scan Analysis for ETBGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.02481984 0.02481984 0.02469777 0.02469777 -0.00012200
Prev. Close Volume Bid Ask Time
0.02481984 0.02452372 0.02487182 2020-04-08 21:09:41
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