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Forex Trend Analysis Report

Prepared for you on Sunday, June 16, 2019.

Ethiopian Birr/South African Rand (FOREX:ETBZAR)

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight 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.

FOREX_ETBZAR
Open High Low ETBZAR Price Change
0.511935 0.513025 0.510380 0.510650 -0.001285
Entry Signal

MarketClub’s Trade Triangles for ETBZAR

long term up The long term trend has been UP since Jun 5th, 2019 at 0.51583

intermediate term up The intermediate term trend has been UP since Apr 25th, 2019 at 0.50509

short term down The short term trend has been DOWN since Jun 10th, 2019 at 0.51136

Smart Scan Analysis for ETBZAR

Based on a pre-defined weighted trend formula for chart analysis, ETBZAR scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+75
Smart Scan Analysis for ETBZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.511935 0.513025 0.510380 0.510650 -0.001285
Prev. Close Volume Bid Ask Time
0.511935 0.510130 0.511170 2019-06-16 23:41:19
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