Forex Trend Analysis Report
Prepared for you on Saturday, September 24, 2022.
Euro/Ethiopian Birr (FOREX:EURETB)
Strong Downtrend (-100) - EURETB is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, EURETB continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid EURETB?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURETB.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EURETB
The long-term trend has been DOWN since May 2nd, 2022 at 55.5904
The intermediate-term trend has been DOWN since Sep 24th, 2022 at 52.2513
The short-term trend has been DOWN since Sep 21st, 2022 at 52.7036
Smart Scan Analysis for EURETB
Based on our trend formula, EURETB is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).