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.
MarketClub’s Trade Triangles for EURETB
The long-term trend has been UP since Nov 16th, 2023 at 60.6309
The intermediate-term trend has been UP since Oct 19th, 2023 at 58.6780
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).