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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
British Pound/Ethiopian Birr (FOREX:GBPETB)
Crossroads (-60) - GBPETB is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 UP since May 20th, 2024 at 72.93795
The intermediate-term trend has been DOWN since Nov 18th, 2024 at 158.23198
The short-term trend has been DOWN since Nov 18th, 2024 at 158.23198
Smart Scan Analysis for GBPETB
Based on our trend formula, GBPETB is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 155.62359 | 155.62359 | 155.62359 | 155.62359 | 0.00000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 155.62359 | 2024-11-19 21:06:20 |