Forex Trend Analysis Report
Prepared for you on Monday, November 30, 2020.
Ethiopian Birr/South African Rand (FOREX:ETBZAR)
Sidelines Mode (-55) - ETBZAR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid ETBZAR?
MarketClub looks at technical strength and momentum to determine if the timing is right for ETBZAR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ETBZAR
The long-term trend has been DOWN since Jul 10th, 2020 at 0.47608151
The intermediate-term trend has been DOWN since Aug 24th, 2020 at 0.47468733
The short-term trend has been UP since Nov 27th, 2020 at 0.40574090
Smart Scan Analysis for ETBZAR
Based on our trend formula, ETBZAR is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).