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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
British Pound/South African Rand (FOREX:GBPZAR)
Sidelines Mode (+55) - GBPZAR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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.
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MarketClub’s Trade Triangles for GBPZAR
The long-term trend has been DOWN since May 1st, 2024 at 23.352785
The intermediate-term trend has been UP since Nov 11th, 2024 at 23.137930
The short-term trend has been DOWN since Nov 17th, 2024 at 22.869535
Smart Scan Analysis for GBPZAR
Based on our trend formula, GBPZAR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 22.905630 | 23.012415 | 22.886850 | 22.975855 | +0.070225 |
| Prev. Close | Volume | Bid | Ask | Time |
| 22.905630 | 2024-11-20 03:32:24 |