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Forex Trend Analysis Report

Prepared for you on Thursday, November 21, 2024.

South African Rand/Ethiopian Birr (FOREX:ZARETB)

Weak Uptrend (+65) - ZARETB is showing signs of weakening momentum to the upside. Monitor 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.

FOREX_ZARETB
Open High Low ZARETB Price Change
6.889972 6.890885 6.863482 6.874750 -0.015222
Entry Signal

MarketClub’s Trade Triangles for ZARETB

long term up The long-term trend has been UP since Oct 28th, 2024 at 7.0986220

intermediate term down The intermediate-term trend has been DOWN since Nov 13th, 2024 at 6.6807089

short term up The short-term trend has been UP since Nov 18th, 2024 at 6.8297500

Smart Scan Analysis for ZARETB

Based on our trend formula, ZARETB is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+65
Smart Scan Analysis for ZARETB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.889972 6.890885 6.863482 6.874750 -0.015222
Prev. Close Volume Bid Ask Time
6.889972 2024-11-21 05:37:27
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