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Forex Trend Analysis Report
Prepared for you on Monday, May 6, 2024.
South African Rand/Ethiopian Birr (FOREX:ZARETB)
Strong Uptrend (+100) - ZARETB is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, ZARETB continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
Is it time to buy, sell, or avoid ZARETB?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARETB.
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 ZARETB
The long-term trend has been UP since Jul 18th, 2023 at 3.0797874
The intermediate-term trend has been UP since May 1st, 2024 at 3.0919449
The short-term trend has been UP since Apr 25th, 2024 at 2.9915898
Smart Scan Analysis for ZARETB
Based on our trend formula, ZARETB is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 3.0917839 | 3.0962602 | 3.0896595 | 3.0961598 | +0.0043760 |
| Prev. Close | Volume | Bid | Ask | Time |
| 3.0917839 | 2024-05-06 02:12:19 |