Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Ethiopian Birr/US Dollar (FOREX:ETBUSD)
Sidelines Mode (+50) - ETBUSD is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until ETBUSD can gain momentum.
Is it time to buy, sell, or avoid ETBUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for ETBUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for ETBUSD
The long-term trend has been DOWN since Nov 15th, 2022 at 0.01873099
The intermediate-term trend has been UP since Nov 19th, 2024 at 0.00815029
The short-term trend has been UP since Nov 19th, 2024 at 0.00814482
Smart Scan Analysis for ETBUSD
Based on our trend formula, ETBUSD is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.00815408 | 0.00815408 | 0.00815408 | 0.00815408 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.00815408 | 2024-11-19 21:06:20 |