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Forex Trend Analysis Report
Prepared for you on Wednesday, April 24, 2024.
Ethiopian Birr/Euro (FOREX:ETBEUR)
Sidelines Mode (-55) - ETBEUR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid ETBEUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for ETBEUR.
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 ETBEUR
The long-term trend has been DOWN since Nov 16th, 2023 at 0.01649352
The intermediate-term trend has been UP since Mar 28th, 2024 at 0.01623920
The short-term trend has been DOWN since Apr 18th, 2024 at 0.01651171
Smart Scan Analysis for ETBEUR
Based on our trend formula, ETBEUR is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.01648349 | 0.01648349 | 0.01648349 | 0.01648349 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.01648349 | 2024-04-23 21:01:42 |