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Forex Trend Analysis Report
Prepared for you on Monday, February 17, 2020.
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
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 Oct 13th, 2019 at 36.860500
The intermediate-term trend has been DOWN since Jan 27th, 2020 at 41.641762
The short-term trend has been UP since Feb 11th, 2020 at 41.451902
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 41.472924 | 41.472924 | 41.472924 | 41.472924 | 0.000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 41.654128 | 41.176847 | 41.769001 | 2020-02-11 07:14:54 |