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Forex Trend Analysis Report

Prepared for you on Wednesday, November 20, 2024.

South African Rand/British Pound (FOREX:ZARGBP)

Weak Downtrend (-65) - ZARGBP is showing signs of a strengthening downtrend. Monitor ZARGBP as it may be building momentum to the downside.

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
0.0436580 0.0436925 0.0434545 0.0435215 -0.0001370
Entry Signal

MarketClub’s Trade Triangles for ZARGBP

long term up The long-term trend has been UP since May 1st, 2024 at 0.0428210

intermediate term down The intermediate-term trend has been DOWN since Nov 11th, 2024 at 0.0432190

short term down The short-term trend has been DOWN since Nov 20th, 2024 at 0.0434685

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).

-70
Smart Scan Analysis for ZARGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.0436580 0.0436925 0.0434545 0.0435215 -0.0001370
Prev. Close Volume Bid Ask Time
0.0436580 2024-11-20 03:34:31
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