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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.

FOREX_ETBUSD
Open High Low ETBUSD Price Change
0.02924988 0.02924988 0.02914843 0.02914843 -0.00010100
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 Apr 24th, 2020 at 0.03029252

short term down 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).

-90
Smart Scan Analysis for ETBUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.02924988 0.02924988 0.02914843 0.02914843 -0.00010100
Prev. Close Volume Bid Ask Time
0.02942057 0.02895442 0.02934245 2020-05-21 21:08:22
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