Free Daily Analysis

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.

FOREX_GBPETB
Open High Low GBPETB Price Change
69.90778 69.90778 69.90778 69.90778 0.00000
Entry Signal

MarketClub’s Trade Triangles for GBPETB

long term down The long-term trend has been DOWN since Oct 13th, 2023 at 68.91307

intermediate term up The intermediate-term trend has been UP since Nov 6th, 2023 at 68.11832

short term up 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).

+50
Smart Scan Analysis for GBPETB
Strong Downtrend Sideways 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
Get a free daily analysis and signals for British Pound/Ethiopian Birr (GBPETB) - Request Your Free Report.