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Forex Trend Analysis Report

Prepared for you on Thursday, November 30, 2023.

South African Rand/Ethiopian Birr (FOREX:ZARETB)

Weak Downtrend (-65) - ZARETB is showing signs of a strengthening downtrend. Monitor ZARETB as it may be building momentum to the downside.

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
2.9798786 2.9871954 2.9511841 2.9620470 -0.0178320
Entry Signal

MarketClub’s Trade Triangles for ZARETB

long term up The long-term trend has been UP since Jul 18th, 2023 at 3.0797874

intermediate term down The intermediate-term trend has been DOWN since Nov 21st, 2023 at 2.9368322

short term down The short-term trend has been DOWN since Nov 30th, 2023 at 2.9664323

Smart Scan Analysis for ZARETB

Based on our trend formula, ZARETB is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for ZARETB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.9798786 2.9871954 2.9511841 2.9620470 -0.0178320
Prev. Close Volume Bid Ask Time
2.9798786 2023-11-30 05:52:41
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