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Forex Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
South African Rand/British Pound (FOREX:ZARGBP)
Bull Market Weakness (+75) - ZARGBP is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on ZARGBP as it may be in the beginning stages of a reversal.
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.
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MarketClub’s Trade Triangles for ZARGBP
The long-term trend has been DOWN since Oct 16th, 2019 at 0.052765
The intermediate-term trend has been UP since May 12th, 2020 at 0.044500
The short-term trend has been UP since May 15th, 2020 at 0.044550
Smart Scan Analysis for ZARGBP
Based on our trend formula, ZARGBP is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.046710 | 0.046835 | 0.046265 | 0.046480 | -0.000230 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.046710 | 0.046450 | 0.046510 | 2020-05-25 14:20:57 |