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Forex Trend Analysis Report

Prepared for you on Wednesday, March 22, 2023.

South African Rand/British Pound (FOREX:ZARGBP)

Countertrend Down (-85) - ZARGBP is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

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
0.0441065 0.0442785 0.0438775 0.0439385 -0.0001680
Entry Signal

MarketClub’s Trade Triangles for ZARGBP

long term down The long-term trend has been DOWN since Oct 13th, 2022 at 0.0484835

intermediate term down The intermediate-term trend has been DOWN since Jan 16th, 2023 at 0.0480130

short term up The short-term trend has been UP since Mar 13th, 2023 at 0.0456040

Smart Scan Analysis for ZARGBP

Based on our trend formula, ZARGBP is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for ZARGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.0441065 0.0442785 0.0438775 0.0439385 -0.0001680
Prev. Close Volume Bid Ask Time
0.0441065 2023-03-22 05:35:54
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