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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.

FOREX_ZARETB
Open High Low ZARETB Price Change
3.2676958 3.3037977 3.2599202 3.2861064 +0.0184110
Entry Signal

MarketClub’s Trade Triangles for ZARETB

long term down The long-term trend has been DOWN since May 2nd, 2022 at 3.1868125

intermediate term down The intermediate-term trend has been DOWN since Jun 13th, 2022 at 3.2399494

short term up 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).

-75
Smart Scan Analysis for ZARETB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.2676958 3.3037977 3.2599202 3.2861064 +0.0184110
Prev. Close Volume Bid Ask Time
3.2676958 2022-06-24 17:03:21
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