Forex Trend Analysis Report
Prepared for you on Wednesday, July 18, 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.
MarketClub’s Trade Triangles for ETBZAR
The long term trend has been UP since Jun 8th, 2018 at 0.477585
The intermediate term trend has been DOWN since Jul 9th, 2018 at 0.485695
The short term trend has been DOWN since Jul 12th, 2018 at 0.481125
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).