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Forex Trend Analysis Report
Prepared for you on Wednesday, May 1, 2024.
British Pound/South African Rand (FOREX:GBPZAR)
Strong Downtrend (-100) - GBPZAR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, GBPZAR continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid GBPZAR?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPZAR.
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 GBPZAR
The long-term trend has been DOWN since May 1st, 2024 at 23.352785
The intermediate-term trend has been DOWN since Apr 2nd, 2024 at 23.702565
The short-term trend has been DOWN since Apr 26th, 2024 at 23.679925
Smart Scan Analysis for GBPZAR
Based on our trend formula, GBPZAR is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 23.438365 | 23.462500 | 23.219080 | 23.273530 | -0.164835 |
| Prev. Close | Volume | Bid | Ask | Time |
| 23.438365 | 2024-05-01 19:37:16 |