Forex Trend Analysis Report
Prepared for you on Sunday, January 20, 2019.
Ethiopian Birr/South African Rand (FOREX:ETBZAR)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight money management 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 DOWN since Dec 3rd, 2018 at 0.48399
The intermediate term trend has been DOWN since Jan 4th, 2019 at 0.49851
The short term trend has been UP since Jan 18th, 2019 at 0.48997
Smart Scan Analysis for ETBZAR
Based on a pre-defined weighted trend formula for chart analysis, ETBZAR scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).