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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.
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MarketClub’s Trade Triangles for ZARGBP
The long-term trend has been DOWN since Oct 13th, 2022 at 0.0484835
The intermediate-term trend has been DOWN since Jan 16th, 2023 at 0.0480130
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).
| 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 |