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Forex Trend Analysis Report

Prepared for you on Thursday, April 25, 2024.

South African Rand/British Pound (FOREX:ZARGBP)

Weak Downtrend (-65) - ZARGBP is showing signs of a strengthening downtrend. Monitor ZARGBP as it may be building momentum to the downside.

Is it time to buy, sell, or avoid ZARGBP?

MarketClub looks at technical strength and momentum to determine if the timing is right for ZARGBP.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_ZARGBP
Open High Low ZARGBP Price Change
0.0417240 0.0422190 0.0416985 0.0421495 +0.0004260
Entry Signal

MarketClub’s Trade Triangles for ZARGBP

long term down The long-term trend has been DOWN since Jan 17th, 2024 at 0.0415485

intermediate term up The intermediate-term trend has been UP since Apr 2nd, 2024 at 0.0421895

short term down The short-term trend has been DOWN since Apr 24th, 2024 at 0.0418785

Smart Scan Analysis for ZARGBP

Based on our trend formula, ZARGBP is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for ZARGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.0417240 0.0422190 0.0416985 0.0421495 +0.0004260
Prev. Close Volume Bid Ask Time
0.0417240 2024-04-25 08:03:04
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