Forex Trend Analysis Report
Prepared for you on Sunday, May 31, 2020.
Euro/Ethiopian Birr (FOREX:EURETB)
Bull Market Weakness (+75) - EURETB is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on EURETB as it may be in the beginning stages of a reversal.
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 Apr 30th, 2020 at 36.0221
The short-term trend has been UP since May 20th, 2020 at 36.6580
Smart Scan Analysis for EURETB
Based on our trend formula, EURETB is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).