Forex Trend Analysis Report
Prepared for you on Sunday, August 25, 2019.
Ethiopian Birr/South African Rand (FOREX:ETBZAR)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for ETBZAR
The long term trend has been UP since Aug 12th, 2019 at 0.527800
The intermediate term trend has been UP since Aug 1st, 2019 at 0.505020
The short term trend has been DOWN since Aug 21st, 2019 at 0.520695
Smart Scan Analysis for ETBZAR
Based on a pre-defined weighted trend formula for chart analysis, ETBZAR scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).