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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
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.
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MarketClub’s Trade Triangles for USDETB
The long-term trend has been UP since Oct 1st, 2024 at 119.85563
The intermediate-term trend has been UP since Oct 30th, 2024 at 121.88885
The short-term trend has been UP since Oct 29th, 2024 at 119.70000
Smart Scan Analysis for USDETB
Based on our trend formula, USDETB is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 122.62500 | 122.63842 | 122.62500 | 122.63842 | +0.01342 |
| Prev. Close | Volume | Bid | Ask | Time |
| 122.62500 | 2024-11-19 21:06:20 |