Forex Trend Analysis Report
Prepared for you on Saturday, December 9, 2023.
US Dollar/Ethiopian Birr (FOREX:USDETB)
Strong Uptrend (+100) - USDETB is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, USDETB continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 Oct 7th, 2021 at 46.467896
The intermediate-term trend has been UP since Aug 21st, 2023 at 55.146573
The short-term trend has been UP since Nov 27th, 2023 at 55.700815
Smart Scan Analysis for USDETB
Based on our trend formula, USDETB is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).