Forex Trend Analysis Report
Prepared for you on Saturday, October 23, 2021.
British Pound/South African Rand (FOREX:GBPZAR)
Weak Uptrend (+65) - GBPZAR is showing signs of weakening momentum to the upside. Monitor GBPZAR as it may be in the beginning stages of a reversal.
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.
MarketClub’s Trade Triangles for GBPZAR
The long-term trend has been UP since Jul 14th, 2021 at 20.43780
The intermediate-term trend has been DOWN since Oct 19th, 2021 at 20.06525
The short-term trend has been UP since Oct 22nd, 2021 at 20.27025
Smart Scan Analysis for GBPZAR
Based on our trend formula, GBPZAR is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).