Forex Trend Analysis Report

Prepared for you on Tuesday, October 26, 2021.

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.

Open	High	Low	ETBZAR Price	Change
0.31003057	0.31116565	0.30916359	0.31099858	+0.00096800
Entry Signal

MarketClub’s Trade Triangles for ETBZAR

The long-term trend has been UP since Sep 28th, 2021 at 0.33945404

The intermediate-term trend has been DOWN since Oct 14th, 2021 at 0.31363464

The short-term trend has been UP since Oct 22nd, 2021 at 0.31344776

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).

+55

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
0.31003057	0.31116565	0.30916359	0.31099858	+0.00096800
Prev. Close	Volume	Bid	Ask	Time
0.31003057				2021-10-26 07:03:04

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