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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.

FOREX_GBPZAR
Open High Low GBPZAR Price Change
21.277540 21.299300 21.090095 21.121420 -0.156120
Entry Signal

MarketClub’s Trade Triangles for GBPZAR

long term up The long-term trend has been UP since Mar 4th, 2021 at 21.250295

intermediate term up The intermediate-term trend has been UP since Feb 22nd, 2021 at 20.852300

short term up 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).

+90
Smart Scan Analysis for GBPZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
21.277540 21.299300 21.090095 21.121420 -0.156120
Prev. Close Volume Bid Ask Time
21.277540 2021-03-05 09:27:52
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