Forex Trend Analysis Report
Prepared for you on Wednesday, December 8, 2021.
British Pound/ (FOREX:GBPZMW)
Strong Downtrend (-100) - GBPZMW is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid GBPZMW?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPZMW.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GBPZMW
The long-term trend has been DOWN since Jul 27th, 2021 at 30.418667
The intermediate-term trend has been DOWN since Dec 5th, 2021 at 23.677612
The short-term trend has been DOWN since Dec 5th, 2021 at 23.734056
Smart Scan Analysis for GBPZMW
Based on our trend formula, GBPZMW is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).