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.
MarketClub’s Trade Triangles for USDETB
The long-term trend has been UP since Aug 10th, 2018 at 27.758500
The intermediate-term trend has been UP since Feb 21st, 2020 at 32.200000
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).