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Forex Trend Analysis Report

Prepared for you on Tuesday, March 21, 2023.

South African Rand/Ethiopian Birr (FOREX:ZARETB)

Long-Term Downtrend (-90) - ZARETB is in a strong downtrend that is likely to continue. While ZARETB is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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
2.9008259 2.9145920 2.8903909 2.9040748 +0.0032490
Entry Signal

MarketClub’s Trade Triangles for ZARETB

long term down The long-term trend has been DOWN since Mar 7th, 2023 at 2.8985603

intermediate term down The intermediate-term trend has been DOWN since Mar 15th, 2023 at 2.8723829

short term down The short-term trend has been DOWN since Mar 15th, 2023 at 2.9101451

Smart Scan Analysis for ZARETB

Based on our trend formula, ZARETB is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for ZARETB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.9008259 2.9145920 2.8903909 2.9040748 +0.0032490
Prev. Close Volume Bid Ask Time
2.9008259 2023-03-21 16:04:25
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