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Forex Trend Analysis Report
Prepared for you on Sunday, December 5, 2021.
US Dollar/Ethiopian Birr (FOREX:USDETB)
Long-Term Uptrend (+90) - USDETB is in a strong uptrend that is likely to continue. While USDETB is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid USDETB?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDETB.
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 USDETB
The long-term trend has been UP since Oct 7th, 2021 at 46.467896
The intermediate-term trend has been UP since Oct 7th, 2021 at 46.467896
The short-term trend has been UP since Dec 1st, 2021 at 48.217446
Smart Scan Analysis for USDETB
Based on our trend formula, USDETB is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 48.020769 | 48.020769 | 48.020769 | 48.020769 | 0.000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 48.020769 | 2021-12-04 05:18:43 |