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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.

FOREX_ETBZAR
Open High Low ETBZAR Price Change
0.31578556 0.32003636 0.31575880 0.31992840 +0.00414300
Entry Signal

MarketClub’s Trade Triangles for ETBZAR

long term up The long-term trend has been UP since May 2nd, 2022 at 0.31381459

intermediate term up The intermediate-term trend has been UP since Jun 13th, 2022 at 0.30865366

short term up 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).

+100
Smart Scan Analysis for ETBZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.31578556 0.32003636 0.31575880 0.31992840 +0.00414300
Prev. Close Volume Bid Ask Time
0.31578556 2022-07-06 07:12:18
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