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Forex Trend Analysis Report

Prepared for you on Sunday, July 14, 2024.

Ethiopian Birr/South African Rand (FOREX:ETBZAR)

Weak Downtrend (-65) - ETBZAR is showing signs of a strengthening downtrend. Monitor ETBZAR as it may be building momentum to the downside.

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
0.31209506 0.31256587 0.30769685 0.31126391 -0.00083100
Entry Signal

MarketClub’s Trade Triangles for ETBZAR

long term up The long-term trend has been UP since Jul 11th, 2024 at 0.33979867

intermediate term down The intermediate-term trend has been DOWN since Jul 11th, 2024 at 0.30906642

short term down The short-term trend has been DOWN since Jul 11th, 2024 at 0.31245874

Smart Scan Analysis for ETBZAR

Based on our trend formula, ETBZAR is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for ETBZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.31209506 0.31256587 0.30769685 0.31126391 -0.00083100
Prev. Close Volume Bid Ask Time
0.31123963 2024-07-12 17:03:15
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