Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Tuesday, March 21, 2023.

Ethiopian Birr/US Dollar (FOREX:ETBUSD)

Countertrend Up (+85) - ETBUSD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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.

FOREX_ETBUSD
Open High Low ETBUSD Price Change
0.01883718 0.01883718 0.01883718 0.01883718 0.00000000
Entry Signal

MarketClub’s Trade Triangles for ETBUSD

long term up The long-term trend has been UP since Mar 18th, 2023 at 0.01874284

intermediate term up The intermediate-term trend has been UP since Mar 18th, 2023 at 0.01870978

short term up The short-term trend has been UP since Mar 7th, 2023 at 0.01858638

Smart Scan Analysis for ETBUSD

Based on our trend formula, ETBUSD is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80
Smart Scan Analysis for ETBUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.01883718 0.01883718 0.01883718 0.01883718 0.00000000
Prev. Close Volume Bid Ask Time
0.01883718 2023-03-18 03:55:54
Get a free daily analysis and signals for Ethiopian Birr/US Dollar (ETBUSD) - Request Your Free Report.