Forex Trend Analysis Report
Prepared for you on Saturday, March 6, 2021.
Euro/Ethiopian Birr (FOREX:EURETB)
Weak Uptrend (+65) - EURETB is showing signs of weakening momentum to the upside. Monitor 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.
MarketClub’s Trade Triangles for EURETB
The long-term trend has been UP since Oct 31st, 2019 at 32.9260
The intermediate-term trend has been UP since Feb 9th, 2021 at 47.9722
The short-term trend has been DOWN since Mar 4th, 2021 at 48.7446
Smart Scan Analysis for EURETB
Based on our trend formula, EURETB is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).