Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Saturday, February 22, 2025.
South African Rand/Ethiopian Birr (FOREX:ZARETB)
Bull Market Weakness (+75) - ZARETB is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on ZARETB as it may be in the beginning stages of a reversal.
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.
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MarketClub’s Trade Triangles for ZARETB
The long-term trend has been UP since Oct 28th, 2024 at 7.098622
The intermediate-term trend has been UP since Jan 23rd, 2025 at 6.975940
The short-term trend has been DOWN since Feb 19th, 2025 at 6.847141
Smart Scan Analysis for ZARETB
Based on our trend formula, ZARETB is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 6.903104 | 6.903104 | 6.903104 | 6.903104 | 0.000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 6.903104 | 2025-02-22 01:41:04 |