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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.

FOREX_EURETB
Open High Low EURETB Price Change
54.9579 54.9579 54.9579 54.9579 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 Oct 18th, 2021 at 54.2169

short term up 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).

+80
Smart Scan Analysis for EURETB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
54.9579 54.9579 54.9579 54.9579 0.0000
Prev. Close Volume Bid Ask Time
55.0360 2021-10-20 07:19:49
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