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Forex Trend Analysis Report

Prepared for you on Sunday, February 17, 2019.

South African Rand/Ethiopian Birr (FOREX:ZARETB)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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.

FOREX_ZARETB
Open High Low ZARETB Price Change
2.03285 2.03285 2.03285 2.03285 0.00000
Entry Signal

MarketClub’s Trade Triangles for ZARETB

long term up The long term trend has been UP since Dec 3rd, 2018 at 2.06635

intermediate term down The intermediate term trend has been DOWN since Feb 14th, 2019 at 2.02420

short term down The short term trend has been DOWN since Feb 4th, 2019 at 2.10695

Smart Scan Analysis for ZARETB

Based on a pre-defined weighted trend formula for chart analysis, ZARETB scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for ZARETB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.03285 2.03285 2.03285 2.03285 0.00000
Prev. Close Volume Bid Ask Time
2.03285 2.03070 2.03500 2019-02-16 19:16:26
Want to analyze South African Rand/Ethiopian Birr ZARETB or another symbol? Try our Free Forex Trend Analysis Report.