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Forex Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
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 Mar 23rd, 2020 at 39.503287
The intermediate-term trend has been UP since May 12th, 2020 at 41.477931
The short-term trend has been UP since May 20th, 2020 at 41.471141
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 |
|---|---|---|---|---|
| 41.817686 | 41.948926 | 41.817686 | 41.948926 | +0.131240 |
| Prev. Close | Volume | Bid | Ask | Time |
| 41.483883 | 41.669710 | 42.228142 | 2020-05-21 21:08:22 |