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Forex Trend Analysis Report
Prepared for you on Monday, December 2, 2024.
British Pound/Ethiopian Birr (FOREX:GBPETB)
Sidelines Mode (-55) - GBPETB 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 GBPETB?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPETB.
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 GBPETB
The long-term trend has been UP since May 20th, 2024 at 72.93795
The intermediate-term trend has been DOWN since Nov 18th, 2024 at 158.23198
The short-term trend has been UP since Nov 27th, 2024 at 157.89722
Smart Scan Analysis for GBPETB
Based on our trend formula, GBPETB is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 160.44455 | 160.44455 | 160.44455 | 160.44455 | 0.00000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 160.44455 | 2024-11-30 18:38:56 |