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Forex Trend Analysis Report

Prepared for you on Sunday, November 18, 2018.

South African Rand/Ethiopian Birr (FOREX:ZARETB)

Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend 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.

Open High Low ZARETB Price Change
1.97765 1.97805 1.97160 1.97665 -0.00100
Entry Signal

MarketClub’s Trade Triangles for ZARETB

long term down The long term trend has been DOWN since Jun 8th, 2018 at 2.09330

intermediate term up The intermediate term trend has been UP since Sep 24th, 2018 at 1.95185

short term up The short term trend has been UP since Nov 14th, 2018 at 1.95930

Smart Scan Analysis for ZARETB

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

Smart Scan Analysis for ZARETB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.97765 1.97805 1.97160 1.97665 -0.00100
Prev. Close Volume Bid Ask Time
1.97765 1.96310 1.99020 2018-11-18 15:20:24
Want to analyze South African Rand/Ethiopian Birr ZARETB or another symbol? Try our Free Forex Trend Analysis Report.