Forex Trend Analysis Report
Prepared for you on Thursday, July 19, 2018.
South African Rand/Ethiopian Birr (FOREX:ZARETB)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 ZARETB
The long term trend has been DOWN since Jun 8th, 2018 at 2.0933
The intermediate term trend has been UP since Jul 9th, 2018 at 2.0589
The short term trend has been DOWN since Jul 18th, 2018 at 2.0651
Smart Scan Analysis for ZARETB
Based on a pre-defined weighted trend formula for chart analysis, ZARETB scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).