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Forex Trend Analysis Report
Prepared for you on Friday, April 19, 2024.
Ethiopian Birr/US Dollar (FOREX:ETBUSD)
Countertrend Down (-85) - ETBUSD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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.
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MarketClub’s Trade Triangles for ETBUSD
The long-term trend has been DOWN since Nov 15th, 2022 at 0.01873099
The intermediate-term trend has been DOWN since Jan 16th, 2024 at 0.01766638
The short-term trend has been UP since Apr 17th, 2024 at 0.01762149
Smart Scan Analysis for ETBUSD
Based on our trend formula, ETBUSD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.01757208 | 0.01757208 | 0.01757208 | 0.01757208 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.01757208 | 2024-04-18 07:26:26 |