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.

Open	High	Low	ZARETB Price	Change
2.9679814	2.9860909	2.9544909	2.9703317	+0.0023500
Entry Signal

MarketClub’s Trade Triangles for ZARETB

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

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

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

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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