Forex Trend Analysis Report
Prepared for you on Sunday, November 29, 2020.
British Pound/ (FOREX:GBPZMW)
Bull Market Weakness (+75) - GBPZMW is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on GBPZMW as it may be in the beginning stages of a reversal.
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 UP since Oct 13th, 2019 at 16.509500
The intermediate-term trend has been UP since Sep 18th, 2020 at 25.833366
The short-term trend has been DOWN since Nov 27th, 2020 at 28.007026
Smart Scan Analysis for GBPZMW
Based on our trend formula, GBPZMW is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).