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Forex Trend Analysis Report
Prepared for you on Tuesday, August 16, 2022.
British Pound/Ethiopian Birr (FOREX:GBPETB)
Bear Market Rally (-75) - GBPETB is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on GBPETB as it may be in the beginning of a reversal.
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 May 2nd, 2022 at 66.960324
The intermediate-term trend has been UP since Aug 2nd, 2022 at 62.862128
The short-term trend has been DOWN since Aug 16th, 2022 at 63.667780
Smart Scan Analysis for GBPETB
Based on our trend formula, GBPETB is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 63.370161 | 63.370161 | 63.370161 | 63.370161 | 0.000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 63.370161 | 2022-08-16 07:16:45 |