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Forex Trend Analysis Report

Prepared for you on Thursday, April 9, 2020.

US Dollar/Ethiopian Birr (FOREX:USDETB)

Countertrend Up (+85) - USDETB is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score 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.

FOREX_USDETB
Open High Low USDETB Price Change
33.013050 33.013050 33.013050 33.013050 0.000000
Entry Signal

MarketClub’s Trade Triangles for USDETB

long term up The long-term trend has been UP since Aug 10th, 2018 at 27.758500

intermediate term up The intermediate-term trend has been UP since Feb 21st, 2020 at 32.200000

short term down The short-term trend has been DOWN since Apr 8th, 2020 at 32.741483

Smart Scan Analysis for USDETB

Based on our trend formula, USDETB is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for USDETB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
33.013050 33.013050 33.013050 33.013050 0.000000
Prev. Close Volume Bid Ask Time
33.013050 32.782895 33.243205 2020-04-09 07:19:40
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