Forex Trend Analysis Report
Prepared for you on Monday, October 18, 2021.
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.
MarketClub’s Trade Triangles for ZARETB
The long-term trend has been DOWN since Sep 28th, 2021 at 2.9471666
The intermediate-term trend has been UP since Oct 14th, 2021 at 3.1876907
The short-term trend has been UP since Oct 12th, 2021 at 3.1185071
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).