Forex Trend Analysis Report
Prepared for you on Sunday, June 26, 2022.
South African Rand/British Pound (FOREX:ZARGBP)
Long-Term Uptrend (+90) - ZARGBP is in a strong uptrend that is likely to continue. While ZARGBP is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 Mar 4th, 2022 at 0.049374
The intermediate-term trend has been UP since Jun 1st, 2022 at 0.051384
The short-term trend has been UP since Jun 21st, 2022 at 0.051398
Smart Scan Analysis for ZARGBP
Based on our trend formula, ZARGBP is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).