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.

Open	High	Low	ETBZAR Price	Change
0.36373797	0.37099749	0.36263784	0.36883180	+0.00509400
Entry Signal

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).

-75

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
0.36373797	0.37099749	0.36263784	0.36883180	+0.00509400
Prev. Close	Volume	Bid	Ask	Time
0.36373797				2021-02-25 11:14:04

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