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Forex Trend Analysis Report

Prepared for you on Sunday, May 31, 2020.

Euro/Ethiopian Birr (FOREX:EURETB)

Bull Market Weakness (+75) - EURETB is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on EURETB as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid EURETB?

MarketClub looks at technical strength and momentum to determine if the timing is right for EURETB.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_EURETB
Open High Low EURETB Price Change
37.5596 37.5596 37.5596 37.5596 0.0000
Entry Signal

MarketClub’s Trade Triangles for EURETB

long term up The long-term trend has been UP since Oct 31st, 2019 at 32.9260

intermediate term up The intermediate-term trend has been UP since Apr 30th, 2020 at 36.0221

short term up The short-term trend has been UP since May 20th, 2020 at 36.6580

Smart Scan Analysis for EURETB

Based on our trend formula, EURETB is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for EURETB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
37.5596 37.5596 37.5596 37.5596 0.0000
Prev. Close Volume Bid Ask Time
37.0505 37.3096 37.8096 2020-05-21 21:08:22
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