Forex Trend Analysis Report
Prepared for you on Monday, October 14, 2019.
South African Rand/Ethiopian Birr (FOREX:ZARETB)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very tight money management 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.
MarketClub’s Trade Triangles for ZARETB
The long term trend has been UP since Sep 24th, 2019 at 2.11080
The intermediate term trend has been DOWN since Sep 29th, 2019 at 1.94525
The short term trend has been UP since Oct 11th, 2019 at 1.95910
Smart Scan Analysis for ZARETB
Based on a pre-defined weighted trend formula for chart analysis, ZARETB scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).