Forex Trend Analysis Report
Prepared for you on Tuesday, April 7, 2020.
South African Rand/Ethiopian Birr (FOREX:ZARETB)
Long-Term Downtrend (-90) - ZARETB is in a strong downtrend that is likely to continue. While ZARETB is showing intraday strength, it remains in the confines of a bearish trend. 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.
MarketClub’s Trade Triangles for ZARETB
The long-term trend has been DOWN since Mar 18th, 2020 at 1.9064282
The intermediate-term trend has been DOWN since Mar 18th, 2020 at 1.9064282
The short-term trend has been DOWN since Mar 26th, 2020 at 1.8278501
Smart Scan Analysis for ZARETB
Based on our trend formula, ZARETB is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).