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Forex Trend Analysis Report

Prepared for you on Monday, August 15, 2022.

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.

FOREX_ETBZAR
Open High Low ETBZAR Price Change
0.30743558 0.31533889 0.30726584 0.31423025 +0.00679500
Entry Signal

MarketClub’s Trade Triangles for ETBZAR

long term up The long-term trend has been UP since May 2nd, 2022 at 0.31381459

intermediate term down The intermediate-term trend has been DOWN since Aug 1st, 2022 at 0.31273484

short term up The short-term trend has been UP since Aug 15th, 2022 at 0.31225670

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).

-55
Smart Scan Analysis for ETBZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.30743558 0.31533889 0.30726584 0.31423025 +0.00679500
Prev. Close Volume Bid Ask Time
0.30743558 2022-08-15 17:22:41
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