Forex Trend Analysis Report
Prepared for you on Friday, March 5, 2021.
British Pound/South African Rand (FOREX:GBPZAR)
Long-Term Uptrend (+90) - GBPZAR is in a strong uptrend that is likely to continue. While GBPZAR is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 Mar 4th, 2021 at 21.250295
The intermediate-term trend has been UP since Feb 22nd, 2021 at 20.852300
The short-term trend has been UP since Feb 25th, 2021 at 20.915130
Smart Scan Analysis for GBPZAR
Based on our trend formula, GBPZAR is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).