Forex Trend Analysis Report
Prepared for you on Wednesday, July 6, 2022.
Ethiopian Birr/South African Rand (FOREX:ETBZAR)
Strong Uptrend (+100) - ETBZAR is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, ETBZAR continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
Is it time to buy, sell, or avoid ETBZAR?
MarketClub looks at technical strength and momentum to determine if the timing is right for ETBZAR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ETBZAR
The long-term trend has been UP since May 2nd, 2022 at 0.31381459
The intermediate-term trend has been UP since Jun 13th, 2022 at 0.30865366
The short-term trend has been UP since Jul 6th, 2022 at 0.31834360
Smart Scan Analysis for ETBZAR
Based on our trend formula, ETBZAR is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).