Forex Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
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.
MarketClub’s Trade Triangles for ETBZAR
The long-term trend has been UP since Mar 18th, 2020 at 0.52454229
The intermediate-term trend has been DOWN since Apr 29th, 2020 at 0.53987903
The short-term trend has been DOWN since May 5th, 2020 at 0.55038593
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).