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Forex Trend Analysis Report

Prepared for you on Thursday, August 18, 2022.

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
20.068080 20.168745 20.054215 20.122075 +0.053995
Entry Signal

MarketClub’s Trade Triangles for GBPZAR

long term up The long-term trend has been UP since Jul 8th, 2022 at 20.276005

intermediate term down The intermediate-term trend has been DOWN since Aug 10th, 2022 at 20.000245

short term up The short-term trend has been UP since Aug 16th, 2022 at 19.860120

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
Smart Scan Analysis for GBPZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
20.068080 20.168745 20.054215 20.122075 +0.053995
Prev. Close Volume Bid Ask Time
20.068080 2022-08-18 04:31:41
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