Forex Trend Analysis Report
Prepared for you on Monday, February 24, 2020.
South African Rand/Ethiopian Birr (FOREX:ZARETB)
Weak Downtrend (-65) - ZARETB is showing signs of a strengthening downtrend. Monitor ZARETB as it may be building momentum to the downside.
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.
MarketClub’s Trade Triangles for ZARETB
The long-term trend has been UP since Sep 24th, 2019 at 2.1108000
The intermediate-term trend has been DOWN since Jan 13th, 2020 at 2.2204260
The short-term trend has been DOWN since Feb 21st, 2020 at 2.1024453
Smart Scan Analysis for ZARETB
Based on our trend formula, ZARETB is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).