Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Tuesday, April 16, 2024.
Ethiopian Birr/US Dollar (FOREX:ETBUSD)
Strong Downtrend (-100) - ETBUSD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, ETBUSD continues to fall. Traders should use caution and set stops.
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 DOWN since Jan 16th, 2024 at 0.01766638
The short-term trend has been DOWN since Apr 8th, 2024 at 0.01759318
Smart Scan Analysis for ETBUSD
Based on our trend formula, ETBUSD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.01757787 | 0.01757787 | 0.01757787 | 0.01757787 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.01758625 | 2024-04-14 21:07:30 |