Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
British Pound/Ethiopian Birr (FOREX:GBPETB)
Bull Market Weakness (+75) - GBPETB is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on GBPETB as it may be in the beginning stages of a reversal.
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.
|
|||||||||||||||
|
|||||||||||||||
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 UP since Jul 7th, 2024 at 73.67212
The short-term trend has been DOWN since Jul 21st, 2024 at 74.65167
Smart Scan Analysis for GBPETB
Based on our trend formula, GBPETB is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 74.37732 | 74.37732 | 74.37732 | 74.37732 | 0.00000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 74.37732 | 2024-07-26 14:00:16 |