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Forex Trend Analysis Report

Prepared for you on Thursday, March 23, 2023.

South African Rand/Ethiopian Birr (FOREX:ZARETB)

Crossroads (+60) - ZARETB is struggling to move into a solid trend. Beware of choppy markets 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
2.9679814 2.9860909 2.9544909 2.9703317 +0.0023500
Entry Signal

MarketClub’s Trade Triangles for ZARETB

long term down The long-term trend has been DOWN since Mar 7th, 2023 at 2.8985603

intermediate term up The intermediate-term trend has been UP since Mar 23rd, 2023 at 2.9837082

short term up The short-term trend has been UP since Mar 22nd, 2023 at 2.9252153

Smart Scan Analysis for ZARETB

Based on our trend formula, ZARETB is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for ZARETB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.9679814 2.9860909 2.9544909 2.9703317 +0.0023500
Prev. Close Volume Bid Ask Time
2.9679814 2023-03-23 19:55:19
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