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Forex Trend Analysis Report
Prepared for you on Saturday, December 21, 2024.
South African Rand/Ethiopian Birr (FOREX:ZARETB)
Sidelines Mode (+55) - ZARETB is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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.
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MarketClub’s Trade Triangles for ZARETB
The long-term trend has been UP since Oct 28th, 2024 at 7.098622
The intermediate-term trend has been UP since Dec 6th, 2024 at 7.092512
The short-term trend has been DOWN since Dec 15th, 2024 at 7.079556
Smart Scan Analysis for ZARETB
Based on our trend formula, ZARETB is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 6.930879 | 6.981320 | 6.769875 | 6.806429 | -0.124450 |
| Prev. Close | Volume | Bid | Ask | Time |
| 6.803229 | 2024-12-20 17:06:43 |