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Forex Trend Analysis Report

Prepared for you on Monday, March 1, 2021.

South African Rand/Ethiopian Birr (FOREX:ZARETB)

Sidelines Mode (+55) - ZARETB is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
2.6881131 2.7105472 2.6712742 2.6956707 +0.0075580
Entry Signal

MarketClub’s Trade Triangles for ZARETB

long term up The long-term trend has been UP since Jul 10th, 2020 at 2.1017418

intermediate term up The intermediate-term trend has been UP since Feb 9th, 2021 at 2.6706346

short term down The short-term trend has been DOWN since Feb 25th, 2021 at 2.6981954

Smart Scan Analysis for ZARETB

Based on our trend formula, ZARETB is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for ZARETB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.6881131 2.7105472 2.6712742 2.6956707 +0.0075580
Prev. Close Volume Bid Ask Time
2.6881131 2021-03-01 15:01:25
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