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Forex Trend Analysis Report

Prepared for you on Tuesday, August 16, 2022.

British Pound/Ethiopian Birr (FOREX:GBPETB)

Bear Market Rally (-75) - GBPETB is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on GBPETB as it may be in the beginning 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.

FOREX_GBPETB
Open High Low GBPETB Price Change
63.370161 63.370161 63.370161 63.370161 0.000000
Entry Signal

MarketClub’s Trade Triangles for GBPETB

long term down The long-term trend has been DOWN since May 2nd, 2022 at 66.960324

intermediate term up The intermediate-term trend has been UP since Aug 2nd, 2022 at 62.862128

short term down The short-term trend has been DOWN since Aug 16th, 2022 at 63.667780

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).

-75
Smart Scan Analysis for GBPETB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
63.370161 63.370161 63.370161 63.370161 0.000000
Prev. Close Volume Bid Ask Time
63.370161 2022-08-16 07:16:45
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