Forex Trend Analysis Report

Prepared for you on Saturday, December 2, 2023.

South African Rand/British Pound (FOREX:ZARGBP)

Sidelines Mode (-55) - ZARGBP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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.

Open	High	Low	ZARGBP Price	Change
0.0420110	0.0425065	0.0419240	0.0422150	+0.0002040
Entry Signal

MarketClub’s Trade Triangles for ZARGBP

The long-term trend has been UP since Nov 1st, 2023 at 0.0441910

The intermediate-term trend has been DOWN since Nov 21st, 2023 at 0.0433435

The short-term trend has been UP since Nov 29th, 2023 at 0.0425465

Smart Scan Analysis for ZARGBP

Based on our trend formula, ZARGBP is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
0.0420110	0.0425065	0.0419240	0.0422150	+0.0002040
Prev. Close	Volume	Bid	Ask	Time
0.0420110				2023-12-01 17:11:00

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