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.
MarketClub’s Trade Triangles for ETBZAR
The long term trend has been UP since Jun 5th, 2019 at 0.51583
The intermediate term trend has been UP since Apr 25th, 2019 at 0.50509
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).