Forex Trend Analysis Report
Prepared for you on Saturday, October 23, 2021.
Euro/Ethiopian Birr (FOREX:EURETB)
Countertrend Up (+85) - EURETB 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 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 Oct 18th, 2021 at 54.2169
The short-term trend has been UP since Oct 18th, 2021 at 54.2169
Smart Scan Analysis for EURETB
Based on our trend formula, EURETB is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).