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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.

FOREX_USDETB
Open High Low USDETB Price Change
40.282063 40.282063 40.200000 40.200000 -0.082063
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 8th, 2021 at 39.584648

short term up 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).

+90
Smart Scan Analysis for USDETB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
40.282063 40.282063 40.200000 40.200000 -0.082063
Prev. Close Volume Bid Ask Time
40.282063 2021-03-08 12:41:01
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