Forex Trend Analysis Report
Prepared for you on Monday, March 8, 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.
MarketClub’s Trade Triangles for USDETB
The long-term trend has been UP since Aug 10th, 2018 at 27.758500
The intermediate-term trend has been UP since Feb 8th, 2021 at 39.584648
The short-term trend has been UP since Feb 8th, 2021 at 39.550000
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).