Forex Trend Analysis Report

Prepared for you on Tuesday, November 24, 2020.

British Pound/South African Rand (FOREX:GBPZAR)

Bear Market Rally (-75) - GBPZAR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on GBPZAR as it may be in the beginning 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.

Open	High	Low	GBPZAR Price	Change
20.521440	20.547315	20.476730	20.502130	-0.019310
Entry Signal

MarketClub’s Trade Triangles for GBPZAR

The long-term trend has been DOWN since Jul 15th, 2020 at 20.890305

The intermediate-term trend has been DOWN since Aug 24th, 2020 at 22.272400

The short-term trend has been UP since Nov 18th, 2020 at 20.539760

Smart Scan Analysis for GBPZAR

Based on our trend formula, GBPZAR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
20.521440	20.547315	20.476730	20.502130	-0.019310
Prev. Close	Volume	Bid	Ask	Time
20.521440				2020-11-24 05:01:09

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