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.
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).