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Forex Trend Analysis Report

Prepared for you on Sunday, February 28, 2021.

South African Rand/British Pound (FOREX:ZARGBP)

Crossroads (-60) - ZARGBP is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid ZARGBP?

MarketClub looks at technical strength and momentum to determine if the timing is right for ZARGBP.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_ZARGBP
Open High Low ZARGBP Price Change
0.0475590 0.0484305 0.0470625 0.0474905 -0.0000680
Entry Signal

MarketClub’s Trade Triangles for ZARGBP

long term up The long-term trend has been UP since Jul 15th, 2020 at 0.047912

intermediate term down The intermediate-term trend has been DOWN since Feb 22nd, 2021 at 0.047949

short term down The short-term trend has been DOWN since Feb 25th, 2021 at 0.047829

Smart Scan Analysis for ZARGBP

Based on our trend formula, ZARGBP is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for ZARGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.0475590 0.0484305 0.0470625 0.0474905 -0.0000680
Prev. Close Volume Bid Ask Time
0.0475590 2021-02-26 17:11:25
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