Forex Trend Analysis Report
Prepared for you on Thursday, February 25, 2021.
Ethiopian Birr/South African Rand (FOREX:ETBZAR)
Bear Market Rally (-75) - ETBZAR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on ETBZAR as it may be in the beginning of a reversal.
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 Feb 9th, 2021 at 0.37445471
The short-term trend has been UP since Feb 25th, 2021 at 0.37060553
Smart Scan Analysis for ETBZAR
Based on our trend formula, ETBZAR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).