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Forex Trend Analysis Report

Prepared for you on Saturday, June 15, 2024.

British Pound/ (FOREX:GBPZMW)

Sidelines Mode (+55) - GBPZMW 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 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.

FOREX_GBPZMW
Open High Low GBPZMW Price Change
33.251201 33.251201 33.251201 33.251201 0.000000
Entry Signal

MarketClub’s Trade Triangles for GBPZMW

long term up The long-term trend has been UP since Sep 4th, 2023 at 25.250971

intermediate term up The intermediate-term trend has been UP since May 28th, 2024 at 34.319478

short term down The short-term trend has been DOWN since Jun 11th, 2024 at 33.581062

Smart Scan Analysis for GBPZMW

Based on our trend formula, GBPZMW is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for GBPZMW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
33.251201 33.251201 33.251201 33.251201 0.000000
Prev. Close Volume Bid Ask Time
33.254557 2024-06-14 07:26:15
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