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Forex Trend Analysis Report

Prepared for you on Monday, September 24, 2018.

Ethiopian Birr/South African Rand (FOREX:ETBZAR)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight stops.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_ETBZAR
Open High Low ETBZAR Price Change
0.518710 0.519715 0.508870 0.517895 -0.000815
Entry Signal

MarketClub’s Trade Triangles for ETBZAR

long term up The long term trend has been UP since Jun 8th, 2018 at 0.477585

intermediate term down The intermediate term trend has been DOWN since Sep 24th, 2018 at 0.512345

short term down The short term trend has been DOWN since Sep 19th, 2018 at 0.532505

Smart Scan Analysis for ETBZAR

Based on a pre-defined weighted trend formula for chart analysis, ETBZAR scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for ETBZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.518710 0.519715 0.508870 0.517895 -0.000815
Prev. Close Volume Bid Ask Time
0.518710 0.517350 0.518440 2018-09-24 21:08:43
Want to analyze Ethiopian Birr/South African Rand ETBZAR or another symbol? Try our Free Forex Trend Analysis Report.