Forex Trend Analysis Report
Prepared for you on Thursday, November 30, 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.
MarketClub’s Trade Triangles for GBPZAR
The long-term trend has been DOWN since Nov 1st, 2023 at 22.628980
The intermediate-term trend has been UP since Nov 21st, 2023 at 23.073685
The short-term trend has been UP since Nov 30th, 2023 at 23.834200
Smart Scan Analysis for GBPZAR
Based on our trend formula, GBPZAR is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).