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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.

FOREX_GBPZAR
Open High Low GBPZAR Price Change
20.392075 20.392075 20.392075 20.392075 0.000000
Entry Signal

MarketClub’s Trade Triangles for GBPZAR

long term up The long-term trend has been UP since Jul 14th, 2021 at 20.43780

intermediate term down The intermediate-term trend has been DOWN since Oct 19th, 2021 at 20.06525

short term up 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).

+65
Smart Scan Analysis for GBPZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
20.392075 20.392075 20.392075 20.392075 0.000000
Prev. Close Volume Bid Ask Time
20.392075 2021-10-23 16:28:46
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