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Forex Trend Analysis Report

Prepared for you on Wednesday, June 19, 2024.

British Pound/Ethiopian Birr (FOREX:GBPETB)

Crossroads (-60) - GBPETB is struggling to move into a solid trend. Beware of choppy markets 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.

FOREX_GBPETB
Open High Low GBPETB Price Change
72.66279 72.66279 72.49533 72.49533 -0.16746
Entry Signal

MarketClub’s Trade Triangles for GBPETB

long term up The long-term trend has been UP since May 20th, 2024 at 72.93795

intermediate term down The intermediate-term trend has been DOWN since Jun 10th, 2024 at 72.98042

short term down The short-term trend has been DOWN since Jun 10th, 2024 at 73.45569

Smart Scan Analysis for GBPETB

Based on our trend formula, GBPETB is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for GBPETB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
72.66279 72.66279 72.49533 72.49533 -0.16746
Prev. Close Volume Bid Ask Time
73.44169 2024-06-16 19:01:49
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