Forex Trend Analysis Report
Prepared for you on Thursday, March 4, 2021.
Ethiopian Birr/US Dollar (FOREX:ETBUSD)
Strong Downtrend (-100) - ETBUSD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid ETBUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for ETBUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ETBUSD
The long-term trend has been DOWN since Sep 2nd, 2018 at 0.03606200
The intermediate-term trend has been DOWN since Feb 9th, 2021 at 0.02526301
The short-term trend has been DOWN since Feb 16th, 2021 at 0.02495196
Smart Scan Analysis for ETBUSD
Based on our trend formula, ETBUSD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).