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Forex Trend Analysis Report

Prepared for you on Thursday, February 6, 2025.

South African Rand/Ethiopian Birr (FOREX:ZARETB)

Strong Uptrend (+100) - ZARETB is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, ZARETB 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 ZARETB?

MarketClub looks at technical strength and momentum to determine if the timing is right for ZARETB.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_ZARETB
Open High Low ZARETB Price Change
6.799412 6.945339 6.760699 6.942365 +0.142953
Entry Signal

MarketClub’s Trade Triangles for ZARETB

long term up The long-term trend has been UP since Oct 28th, 2024 at 7.098622

intermediate term up The intermediate-term trend has been UP since Jan 23rd, 2025 at 6.975940

short term up The short-term trend has been UP since Feb 5th, 2025 at 6.896189

Smart Scan Analysis for ZARETB

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

+100
Smart Scan Analysis for ZARETB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.799412 6.945339 6.760699 6.942365 +0.142953
Prev. Close Volume Bid Ask Time
6.799412 2025-02-06 23:23:59
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