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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.

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

MarketClub’s Trade Triangles for GBPZAR

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

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

short term up 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
Smart Scan Analysis for GBPZAR
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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