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Forex Trend Analysis Report

Prepared for you on Tuesday, June 2, 2020.

British Pound/Ethiopian Birr (FOREX:GBPETB)

Sidelines Mode (+50) - GBPETB is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until GBPETB can gain momentum.

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.

FOREX_GBPETB
Open High Low GBPETB Price Change
41.817686 41.948926 41.817686 41.948926 +0.131240
Entry Signal

MarketClub’s Trade Triangles for GBPETB

long term down The long-term trend has been DOWN since Mar 23rd, 2020 at 39.503287

intermediate term up The intermediate-term trend has been UP since May 12th, 2020 at 41.477931

short term up The short-term trend has been UP since May 20th, 2020 at 41.471141

Smart Scan Analysis for GBPETB

Based on our trend formula, GBPETB is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+50
Smart Scan Analysis for GBPETB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
41.817686 41.948926 41.817686 41.948926 +0.131240
Prev. Close Volume Bid Ask Time
41.483883 41.669710 42.228142 2020-05-21 21:08:22
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