Forex Trend Analysis Report

Prepared for you on Tuesday, October 3, 2023.

Ethiopian Birr/South African Rand (FOREX:ETBZAR)

Bull Market Weakness (+75) - ETBZAR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on ETBZAR as it may be in the beginning stages 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.

Open	High	Low	ETBZAR Price	Change
0.34340034	0.35071739	0.34260493	0.34918129	+0.00578100
Entry Signal

MarketClub’s Trade Triangles for ETBZAR

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

The intermediate-term trend has been UP since Oct 3rd, 2023 at 0.34868133

The short-term trend has been UP since Oct 2nd, 2023 at 0.34695404

Smart Scan Analysis for ETBZAR

Based on our trend formula, ETBZAR is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
0.34340034	0.35071739	0.34260493	0.34918129	+0.00578100
Prev. Close	Volume	Bid	Ask	Time
0.34340034				2023-10-03 12:32:23

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