Forex Trend Analysis Report

Prepared for you on Thursday, March 23, 2023.

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.

Open	High	Low	GBPZAR Price	Change
22.349300	22.408520	22.278405	22.290415	-0.058885
Entry Signal

MarketClub’s Trade Triangles for GBPZAR

The long-term trend has been UP since Oct 13th, 2022 at 20.628095

The intermediate-term trend has been UP since Jan 16th, 2023 at 20.916800

The short-term trend has been DOWN since Mar 23rd, 2023 at 22.332415

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
22.349300	22.408520	22.278405	22.290415	-0.058885
Prev. Close	Volume	Bid	Ask	Time
22.349300				2023-03-23 04:53:22

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