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Forex Trend Analysis Report

Prepared for you on Monday, December 2, 2024.

British Pound/Ethiopian Birr (FOREX:GBPETB)

Sidelines Mode (-55) - GBPETB is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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.

FOREX_GBPETB
Open High Low GBPETB Price Change
160.44455 160.44455 160.44455 160.44455 0.00000
Entry Signal

MarketClub’s Trade Triangles for GBPETB

long term up The long-term trend has been UP since May 20th, 2024 at 72.93795

intermediate term down The intermediate-term trend has been DOWN since Nov 18th, 2024 at 158.23198

short term up The short-term trend has been UP since Nov 27th, 2024 at 157.89722

Smart Scan Analysis for GBPETB

Based on our trend formula, GBPETB is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for GBPETB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
160.44455 160.44455 160.44455 160.44455 0.00000
Prev. Close Volume Bid Ask Time
160.44455 2024-11-30 18:38:56
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