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.
MarketClub’s Trade Triangles for ZARGBP
The long-term trend has been UP since Jul 15th, 2020 at 0.047912
The intermediate-term trend has been DOWN since Feb 22nd, 2021 at 0.047949
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).