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Forex Trend Analysis Report

Prepared for you on Monday, January 20, 2025.

British Pound/South African Rand (FOREX:GBPZAR)

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

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.

FOREX_GBPZAR
Open High Low GBPZAR Price Change
22.827825 22.915105 22.765830 22.842030 +0.014205
Entry Signal

MarketClub’s Trade Triangles for GBPZAR

long term up The long-term trend has been UP since Dec 26th, 2024 at 23.62928

intermediate term down The intermediate-term trend has been DOWN since Jan 15th, 2025 at 22.94830

short term down The short-term trend has been DOWN since Jan 14th, 2025 at 23.15597

Smart Scan Analysis for GBPZAR

Based on our trend formula, GBPZAR is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for GBPZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
22.827825 22.915105 22.765830 22.842030 +0.014205
Prev. Close Volume Bid Ask Time
22.827825 2025-01-20 09:39:07
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