Forex Trend Analysis Report
Prepared for you on Friday, January 28, 2022.
Ethiopian Birr/British Pound (FOREX:ETBGBP)
Sidelines Mode (+50) - ETBGBP is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until ETBGBP can gain momentum.
Is it time to buy, sell, or avoid ETBGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for ETBGBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ETBGBP
The long-term trend has been DOWN since Jun 2nd, 2020 at 0.02357638
The intermediate-term trend has been UP since Jan 27th, 2022 at 0.01492947
The short-term trend has been UP since Jan 24th, 2022 at 0.01483420
Smart Scan Analysis for ETBGBP
Based on our trend formula, ETBGBP is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).