Forex Trend Analysis Report
Prepared for you on Sunday, April 5, 2020.
British Pound/South African Rand (FOREX:GBPZAR)
Strong Uptrend (+100) - GBPZAR is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, GBPZAR continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 Oct 16th, 2019 at 18.951915
The intermediate-term trend has been UP since Jan 21st, 2020 at 18.938450
The short-term trend has been UP since Mar 20th, 2020 at 20.425995
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).