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Forex Trend Analysis Report
Prepared for you on Monday, January 20, 2025.
Euro/Ethiopian Birr (FOREX:EURETB)
Long-Term Downtrend (-90) - EURETB is in a strong downtrend that is likely to continue. While EURETB is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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.
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MarketClub’s Trade Triangles for EURETB
The long-term trend has been DOWN since Jan 9th, 2025 at 129.9955
The intermediate-term trend has been DOWN since Dec 18th, 2024 at 131.3735
The short-term trend has been DOWN since Dec 9th, 2024 at 133.0665
Smart Scan Analysis for EURETB
Based on our trend formula, EURETB is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 129.1107 | 129.1107 | 129.1107 | 129.1107 | 0.0000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 131.9013 | 2025-01-19 11:30:04 |