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Forex Trend Analysis Report
Prepared for you on Friday, May 9, 2025.
Ethiopian Birr/South African Rand (FOREX:ETBZAR)
Long-Term Downtrend (-90) - ETBZAR is in a strong downtrend that is likely to continue. While ETBZAR is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 May 2nd, 2025 at 0.13695141
The intermediate-term trend has been DOWN since Apr 22nd, 2025 at 0.13821390
The short-term trend has been DOWN since May 8th, 2025 at 0.13554522
Smart Scan Analysis for ETBZAR
Based on our trend formula, ETBZAR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.13557746 | 0.13565544 | 0.13485449 | 0.13549454 | -0.00008300 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.13557746 | 2025-05-09 07:26:28 |