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Forex Trend Analysis Report

Prepared for you on Friday, February 26, 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.

FOREX_GBPETB
Open High Low GBPETB Price Change
56.994032 56.994032 56.994032 56.994032 0.000000
Entry Signal

MarketClub’s Trade Triangles for GBPETB

long term up The long-term trend has been UP since Jun 2nd, 2020 at 42.417265

intermediate term up The intermediate-term trend has been UP since Oct 13th, 2020 at 47.833980

short term up The short-term trend has been UP since Feb 8th, 2021 at 54.141626

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).

+80
Smart Scan Analysis for GBPETB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
56.994032 56.994032 56.994032 56.994032 0.000000
Prev. Close Volume Bid Ask Time
56.994032 2021-02-24 07:23:17
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