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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.

FOREX_ZARETB
Open High Low ZARETB Price Change
1.7438456 1.7874353 1.7418797 1.7838204 +0.0399750
Entry Signal

MarketClub’s Trade Triangles for ZARETB

long term down The long-term trend has been DOWN since Mar 18th, 2020 at 1.9064282

intermediate term down The intermediate-term trend has been DOWN since Mar 18th, 2020 at 1.9064282

short term down 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).

-90
Smart Scan Analysis for ZARETB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.7438456 1.7874353 1.7418797 1.7838204 +0.0399750
Prev. Close Volume Bid Ask Time
1.7438456 1.7833568 1.7842840 2020-04-07 06:47:44
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