Forex Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
Ethiopian Birr/US Dollar (FOREX:ETBUSD)
Long-Term Downtrend (-90) - ETBUSD is in a strong downtrend that is likely to continue. While ETBUSD is showing intraday strength, it remains in the confines of a bearish trend. 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 Sep 2nd, 2018 at 0.03606200
The intermediate-term trend has been DOWN since Apr 24th, 2020 at 0.03029252
The short-term trend has been DOWN since May 20th, 2020 at 0.02948007
Smart Scan Analysis for ETBUSD
Based on our trend formula, ETBUSD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).