Forex Trend Analysis Report

Prepared for you on Thursday, May 9, 2024.

Ethiopian Birr/South African Rand (FOREX:ETBZAR)

Countertrend Down (-85) - ETBZAR 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 ETBZAR?

MarketClub looks at technical strength and momentum to determine if the timing is right for ETBZAR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

Open	High	Low	ETBZAR Price	Change
0.32332390	0.32397142	0.32108404	0.32245110	-0.00087300
Entry Signal

MarketClub’s Trade Triangles for ETBZAR

The long-term trend has been DOWN since Jul 20th, 2023 at 0.32219859

The intermediate-term trend has been DOWN since May 1st, 2024 at 0.32338070

The short-term trend has been UP since May 8th, 2024 at 0.32552502

Smart Scan Analysis for ETBZAR

Based on our trend formula, ETBZAR is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
0.32332390	0.32397142	0.32108404	0.32245110	-0.00087300
Prev. Close	Volume	Bid	Ask	Time
0.32332390				2024-05-09 15:40:24

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