Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Monday, November 30, 2020.

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, SHORTSYMBOL 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.

FOREX_ETBUSD
Open High Low ETBUSD Price Change
0.02618856 0.02618856 0.02618856 0.02618856 0.00000000
Entry Signal

MarketClub’s Trade Triangles for ETBUSD

long term down The long-term trend has been DOWN since Sep 2nd, 2018 at 0.03606200

intermediate term down The intermediate-term trend has been DOWN since Nov 17th, 2020 at 0.02624301

short term down The short-term trend has been DOWN since Nov 17th, 2020 at 0.02624335

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).

-100
Smart Scan Analysis for ETBUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.02618856 0.02618856 0.02618856 0.02618856 0.00000000
Prev. Close Volume Bid Ask Time
0.02613393 2020-11-26 21:00:35
Get a free daily analysis and signals for Ethiopian Birr/US Dollar (ETBUSD) - Request Your Free Report.