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Forex Trend Analysis Report
Prepared for you on Wednesday, February 5, 2025.
US Dollar/Ethiopian Birr (FOREX:USDETB)
Bull Market Weakness (+75) - USDETB is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on USDETB as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid USDETB?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDETB.
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 USDETB
The long-term trend has been UP since Oct 1st, 2024 at 119.85563
The intermediate-term trend has been UP since Jan 23rd, 2025 at 128.52679
The short-term trend has been UP since Feb 2nd, 2025 at 128.01755
Smart Scan Analysis for USDETB
Based on our trend formula, USDETB is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 126.74930 | 127.05815 | 126.17500 | 127.05815 | +0.30885 |
| Prev. Close | Volume | Bid | Ask | Time |
| 127.33133 | 2025-02-03 21:00:12 |