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Forex Trend Analysis Report

Prepared for you on Saturday, April 1, 2023.

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
58.3256 58.3256 58.3256 58.3256 0.0000
Entry Signal

MarketClub’s Trade Triangles for EURETB

long term up The long-term trend has been UP since Nov 15th, 2022 at 53.9456

intermediate term up The intermediate-term trend has been UP since Mar 28th, 2023 at 57.3457

short term up The short-term trend has been UP since Mar 28th, 2023 at 57.3457

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
58.3256 58.3256 58.3256 58.3256 0.0000
Prev. Close Volume Bid Ask Time
58.5868 2023-03-28 13:24:48
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