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Forex Trend Analysis Report

Prepared for you on Friday, July 19, 2024.

South African Rand/Ethiopian Birr (FOREX:ZARETB)

Strong Downtrend (-100) - ZARETB is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, ZARETB continues to fall. Traders should use caution and set stops.

Is it time to buy, sell, or avoid ZARETB?

MarketClub looks at technical strength and momentum to determine if the timing is right for ZARETB.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_ZARETB
Open High Low ZARETB Price Change
3.1727491 3.1745814 3.1580136 3.1632151 -0.0095340
Entry Signal

MarketClub’s Trade Triangles for ZARETB

long term down The long-term trend has been DOWN since Jul 11th, 2024 at 2.9460162

intermediate term down The intermediate-term trend has been DOWN since Jul 11th, 2024 at 3.0704032

short term down The short-term trend has been DOWN since Jul 11th, 2024 at 3.1505549

Smart Scan Analysis for ZARETB

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

-100
Smart Scan Analysis for ZARETB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.1727491 3.1745814 3.1580136 3.1632151 -0.0095340
Prev. Close Volume Bid Ask Time
3.1727491 2024-07-19 04:46:56
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