Forex Trend Analysis Report

Prepared for you on Friday, April 19, 2024.

Ethiopian Birr/South African Rand (FOREX:ETBZAR)

Crossroads (+60) - ETBZAR is struggling to move into a solid trend. Beware of choppy markets 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
0.33700271	0.33763740	0.33630322	0.33630322	-0.00069900
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 Apr 18th, 2024 at 0.33628986

The short-term trend has been UP since Apr 11th, 2024 at 0.33067597

Smart Scan Analysis for ETBZAR

Based on our trend formula, ETBZAR is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
0.33700271	0.33763740	0.33630322	0.33630322	-0.00069900
Prev. Close	Volume	Bid	Ask	Time
0.33700271				2024-04-19 00:20:55

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