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Forex Trend Analysis Report

Prepared for you on Saturday, June 15, 2024.

US Dollar/Ethiopian Birr (FOREX:USDETB)

Weak Downtrend (-65) - USDETB is showing signs of a strengthening downtrend. Monitor USDETB as it may be building momentum to the downside.

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
57.057584 57.057584 57.057584 57.057584 0.000000
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 down The intermediate-term trend has been DOWN since Jun 10th, 2024 at 57.075000

short term down The short-term trend has been DOWN since Jun 10th, 2024 at 57.413977

Smart Scan Analysis for USDETB

Based on our trend formula, USDETB is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for USDETB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
57.057584 57.057584 57.057584 57.057584 0.000000
Prev. Close Volume Bid Ask Time
57.057584 2024-06-15 06:10:53
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