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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.

FOREX_ETBZAR
Open High Low ETBZAR Price Change
0.52998 0.52998 0.52998 0.52998 0.00000
Entry Signal

MarketClub’s Trade Triangles for ETBZAR

long term up The long term trend has been UP since Aug 12th, 2019 at 0.527800

intermediate term up The intermediate term trend has been UP since Aug 1st, 2019 at 0.505020

short term down 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).

+85
Smart Scan Analysis for ETBZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.52998 0.52998 0.52998 0.52998 0.00000
Prev. Close Volume Bid Ask Time
0.52998 0.52845 0.53151 2019-08-25 15:00:46
Want to analyze Ethiopian Birr/South African Rand ETBZAR or another symbol? Try our Free Forex Trend Analysis Report.