Forex Trend Analysis Report
Prepared for you on Thursday, November 30, 2023.
South African Rand/Ethiopian Birr (FOREX:ZARETB)
Weak Downtrend (-65) - ZARETB is showing signs of a strengthening downtrend. Monitor ZARETB as it may be building momentum to the downside.
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 UP since Jul 18th, 2023 at 3.0797874
The intermediate-term trend has been DOWN since Nov 21st, 2023 at 2.9368322
The short-term trend has been DOWN since Nov 30th, 2023 at 2.9664323
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).