Forex Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
British Pound/Ethiopian Birr (FOREX:GBPETB)
Countertrend Up (+85) - GBPETB is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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.
MarketClub’s Trade Triangles for GBPETB
The long-term trend has been UP since Jun 2nd, 2020 at 42.417265
The intermediate-term trend has been UP since Oct 18th, 2021 at 63.524884
The short-term trend has been UP since Oct 18th, 2021 at 63.524884
Smart Scan Analysis for GBPETB
Based on our trend formula, GBPETB is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).