Forex Trend Analysis Report
Prepared for you on Wednesday, December 6, 2023.
British Pound/ (FOREX:GBPZMW)
Countertrend Up (+85) - GBPZMW is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 Sep 4th, 2023 at 25.250971
The intermediate-term trend has been UP since Sep 4th, 2023 at 24.888743
The short-term trend has been UP since Oct 24th, 2023 at 26.077272
Smart Scan Analysis for GBPZMW
Based on our trend formula, GBPZMW is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).