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Forex Trend Analysis Report
Prepared for you on Thursday, April 25, 2024.
British Pound/Ethiopian Birr (FOREX:GBPETB)
Long-Term Downtrend (-90) - GBPETB is in a strong downtrend that is likely to continue. While GBPETB is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 Apr 22nd, 2024 at 70.52972
The intermediate-term trend has been DOWN since Mar 28th, 2024 at 71.97056
The short-term trend has been DOWN since Apr 22nd, 2024 at 70.66337
Smart Scan Analysis for GBPETB
Based on our trend formula, GBPETB is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 70.57473 | 70.57473 | 70.57473 | 70.57473 | 0.00000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 70.76013 | 2024-04-23 21:01:42 |