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.
MarketClub’s Trade Triangles for ETBZAR
The long-term trend has been UP since May 2nd, 2022 at 0.31381459
The intermediate-term trend has been DOWN since Aug 1st, 2022 at 0.31273484
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).