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Forex Trend Analysis Report

Prepared for you on Saturday, December 9, 2023.

US Dollar/Ethiopian Birr (FOREX:USDETB)

Strong Uptrend (+100) - USDETB is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, USDETB continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.

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.

FOREX_USDETB
Open High Low USDETB Price Change
55.780154 55.820021 55.765000 55.820021 +0.039867
Entry Signal

MarketClub’s Trade Triangles for USDETB

long term up The long-term trend has been UP since Oct 7th, 2021 at 46.467896

intermediate term up The intermediate-term trend has been UP since Aug 21st, 2023 at 55.146573

short term up The short-term trend has been UP since Nov 27th, 2023 at 55.700815

Smart Scan Analysis for USDETB

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

+100
Smart Scan Analysis for USDETB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
55.780154 55.820021 55.765000 55.820021 +0.039867
Prev. Close Volume Bid Ask Time
55.820021 2023-12-08 20:32:21
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