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Forex Trend Analysis Report

Prepared for you on Sunday, September 23, 2018.

South African Rand/Ethiopian Birr (FOREX:ZARETB)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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.

Open High Low ZARETB Price Change
1.93465 1.93520 1.92650 1.93020 -0.00445
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 down The intermediate term trend has been DOWN since Aug 10th, 2018 at 2.00390

short term up The short term trend has been UP since Sep 19th, 2018 at 1.87765

Smart Scan Analysis for ZARETB

Based on a pre-defined weighted trend formula for chart analysis, ZARETB scored -65 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
1.93465 1.93520 1.92650 1.93020 -0.00445
Prev. Close Volume Bid Ask Time
1.93465 1.92820 1.93220 2018-09-23 23:29:02
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