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Forex Trend Analysis Report

Prepared for you on Thursday, November 30, 2023.

British Pound/South African Rand (FOREX:GBPZAR)

Bull Market Weakness (+75) - GBPZAR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on 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.

FOREX_GBPZAR
Open High Low GBPZAR Price Change
23.765285 23.879510 23.701275 23.840060 +0.074775
Entry Signal

MarketClub’s Trade Triangles for GBPZAR

long term down The long-term trend has been DOWN since Nov 1st, 2023 at 22.628980

intermediate term up The intermediate-term trend has been UP since Nov 21st, 2023 at 23.073685

short term up The short-term trend has been UP since Nov 30th, 2023 at 23.834200

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
23.765285 23.879510 23.701275 23.840060 +0.074775
Prev. Close Volume Bid Ask Time
23.765285 2023-11-30 06:39:31
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