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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.

FOREX_GBPZMW
Open High Low GBPZMW Price Change
30.223099 30.223099 30.223099 30.223099 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 Sep 4th, 2023 at 24.888743

short term up 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).

+80
Smart Scan Analysis for GBPZMW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
30.223099 30.223099 30.223099 30.223099 0.000000
Prev. Close Volume Bid Ask Time
30.292732 2023-12-04 07:30:28
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