Forex Trend Analysis Report
Prepared for you on Sunday, October 17, 2021.
South African Rand/British Pound (FOREX:ZARGBP)
Sidelines Mode (-55) - ZARGBP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 DOWN since Jul 14th, 2021 at 0.0489375
The intermediate-term trend has been DOWN since Sep 19th, 2021 at 0.0492380
The short-term trend has been UP since Oct 13th, 2021 at 0.0492685
Smart Scan Analysis for ZARGBP
Based on our trend formula, ZARGBP is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).