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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.

FOREX_ZARETB
Open High Low ZARETB Price Change
2.0968812 2.1403487 2.0829391 2.0970406 +0.0001590
Entry Signal

MarketClub’s Trade Triangles for ZARETB

long term up The long-term trend has been UP since Sep 24th, 2019 at 2.1108000

intermediate term down The intermediate-term trend has been DOWN since Jan 13th, 2020 at 2.2204260

short term down 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).

-70
Smart Scan Analysis for ZARETB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.0968812 2.1403487 2.0829391 2.0970406 +0.0001590
Prev. Close Volume Bid Ask Time
2.0968812 2.0949581 2.0991230 2020-02-24 22:26:14
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