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Forex Trend Analysis Report

Prepared for you on Sunday, December 10, 2023.

Euro/Ethiopian Birr (FOREX:EURETB)

Sidelines Mode (+55) - EURETB is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
60.1377 60.1377 60.1377 60.1377 0.0000
Entry Signal

MarketClub’s Trade Triangles for EURETB

long term up The long-term trend has been UP since Nov 16th, 2023 at 60.6309

intermediate term up The intermediate-term trend has been UP since Oct 19th, 2023 at 58.6780

short term down The short-term trend has been DOWN since Dec 6th, 2023 at 60.7565

Smart Scan Analysis for EURETB

Based on our trend formula, EURETB is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for EURETB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
60.1377 60.1377 60.1377 60.1377 0.0000
Prev. Close Volume Bid Ask Time
60.1377 2023-12-08 20:32:21
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