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Forex Trend Analysis Report
Prepared for you on Monday, January 20, 2025.
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.
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MarketClub’s Trade Triangles for ETBZAR
The long-term trend has been DOWN since Oct 28th, 2024 at 0.14099455
The intermediate-term trend has been UP since Dec 25th, 2024 at 0.14892654
The short-term trend has been DOWN since Jan 20th, 2025 at 0.14601765
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.14907971 | 0.14967198 | 0.14527795 | 0.14535229 | -0.00372700 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.14907971 | 2025-01-20 09:36:21 |