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Forex Trend Analysis Report
Prepared for you on Tuesday, November 28, 2023.
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.
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MarketClub’s Trade Triangles for GBPETB
The long-term trend has been DOWN since Oct 13th, 2023 at 68.91307
The intermediate-term trend has been UP since Nov 6th, 2023 at 68.11832
The short-term trend has been UP since Oct 31st, 2023 at 67.75559
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 69.90778 | 69.90778 | 69.90778 | 69.90778 | 0.00000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 70.60842 | 2023-11-23 07:26:39 |