Forex Trend Analysis Report
Prepared for you on Tuesday, September 21, 2021.
South African Rand/Ethiopian Birr (FOREX:ZARETB)
Weak Uptrend (+65) - ZARETB is showing signs of weakening momentum to the upside. Monitor ZARETB as it may be in the beginning stages of a reversal.
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 Jul 10th, 2020 at 2.1017418
The intermediate-term trend has been UP since Aug 30th, 2021 at 3.1080916
The short-term trend has been DOWN since Sep 13th, 2021 at 3.2373405
Smart Scan Analysis for ZARETB
Based on our trend formula, ZARETB is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).