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Forex Trend Analysis Report
Prepared for you on Sunday, May 5, 2024.
Ethiopian Birr/South African Rand (FOREX:ETBZAR)
Strong Downtrend (-100) - ETBZAR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, ETBZAR continues to fall. Traders should use caution and set stops.
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.
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MarketClub’s Trade Triangles for ETBZAR
The long-term trend has been DOWN since Jul 20th, 2023 at 0.32219859
The intermediate-term trend has been DOWN since May 1st, 2024 at 0.32338070
The short-term trend has been DOWN since Apr 25th, 2024 at 0.33429022
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.32563027 | 0.32656671 | 0.32047022 | 0.32537752 | -0.00025300 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.32563027 | 2024-05-03 17:01:34 |