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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
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.
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MarketClub’s Trade Triangles for ETBZAR
The long-term trend has been DOWN since Oct 28th, 2024 at 0.14099455
The intermediate-term trend has been UP since Nov 13th, 2024 at 0.14969238
The short-term trend has been DOWN since Nov 18th, 2024 at 0.14640210
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.14722385 | 0.14788392 | 0.14698330 | 0.14762176 | +0.00039800 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.14722385 | 2024-11-20 03:46:45 |