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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.

Open High Low ZARETB Price Change
2.05290 2.05450 2.02315 2.05055 -0.00235
Entry Signal

MarketClub’s Trade Triangles for ZARETB

long term down The long term trend has been DOWN since Jun 8th, 2018 at 2.0933

intermediate term up The intermediate term trend has been UP since Jul 9th, 2018 at 2.0589

short term down 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).

Smart Scan Analysis for ZARETB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.05290 2.05450 2.02315 2.05055 -0.00235
Prev. Close Volume Bid Ask Time
2.05290 2.05000 2.05110 2018-07-19 09:43:26
Want to analyze South African Rand/Ethiopian Birr ZARETB or another symbol? Try our Free Forex Trend Analysis Report.