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Forex Trend Analysis Report

Prepared for you on Tuesday, April 23, 2024.

Ethiopian Birr/South African Rand (FOREX:ETBZAR)

Crossroads (+60) - ETBZAR is struggling to move into a solid trend. Beware of choppy markets 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
0.33721476 0.33883207 0.33429022 0.33460529 -0.00260900
Entry Signal

MarketClub’s Trade Triangles for ETBZAR

long term down The long-term trend has been DOWN since Jul 20th, 2023 at 0.32219859

intermediate term up The intermediate-term trend has been UP since Apr 18th, 2024 at 0.33628986

short term up The short-term trend has been UP since Apr 11th, 2024 at 0.33067597

Smart Scan Analysis for ETBZAR

Based on our trend formula, ETBZAR is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for ETBZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.33721476 0.33883207 0.33429022 0.33460529 -0.00260900
Prev. Close Volume Bid Ask Time
0.33721476 2024-04-23 18:58:40
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