Forex Trend Analysis Report
Prepared for you on Saturday, June 25, 2022.
South African Rand/Ethiopian Birr (FOREX:ZARETB)
Bear Market Rally (-75) - ZARETB is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on ZARETB as it may be in the beginning 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 May 2nd, 2022 at 3.1868125
The intermediate-term trend has been DOWN since Jun 13th, 2022 at 3.2399494
The short-term trend has been UP since Jun 24th, 2022 at 3.2822071
Smart Scan Analysis for ZARETB
Based on our trend formula, ZARETB is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).