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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.

FOREX_EURETB
Open High Low EURETB Price Change
51.5119 51.5119 51.5119 51.5119 0.0000
Entry Signal

MarketClub’s Trade Triangles for EURETB

long term down The long-term trend has been DOWN since May 2nd, 2022 at 55.5904

intermediate term down The intermediate-term trend has been DOWN since Sep 24th, 2022 at 52.2513

short term down 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).

-100
Smart Scan Analysis for EURETB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
51.5119 51.5119 51.5119 51.5119 0.0000
Prev. Close Volume Bid Ask Time
51.5119 2022-09-24 02:42:31
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