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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.

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

MarketClub’s Trade Triangles for GBPZAR

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

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

short term down 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
Smart Scan Analysis for GBPZAR
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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