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Forex Trend Analysis Report

Prepared for you on Saturday, January 20, 2018.

Ethiopian Birr/South African Rand (FOREX:ETBZAR)

Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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
0.44614 0.44614 0.44614 0.44614 0.00000
Entry Signal

MarketClub’s Trade Triangles for ETBZAR

long term down The long term trend has been DOWN since Oct 11th, 2017 at 0.539885

intermediate term down The intermediate term trend has been DOWN since Nov 20th, 2017 at 0.509530

short term down The short term trend has been DOWN since Jan 16th, 2018 at 0.448040

Smart Scan Analysis for ETBZAR

Based on a pre-defined weighted trend formula for chart analysis, ETBZAR scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-90
Smart Scan Analysis for ETBZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.44614 0.44614 0.44614 0.44614 0.00000
Prev. Close Volume Bid Ask Time
0.44614 0.44596 0.44632 2018-01-20 01:45:41
Want to analyze Ethiopian Birr/South African Rand ETBZAR or another symbol? Try our Free Forex Trend Analysis Report.