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Forex Trend Analysis Report

Prepared for you on Wednesday, May 31, 2023.

/British Pound (FOREX:ZMWGBP)

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

Is it time to buy, sell, or avoid ZMWGBP?

MarketClub looks at technical strength and momentum to determine if the timing is right for ZMWGBP.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_ZMWGBP
Open High Low ZMWGBP Price Change
0.04191517 0.04193931 0.04191517 0.04193931 +0.00002400
Entry Signal

MarketClub’s Trade Triangles for ZMWGBP

long term up The long-term trend has been UP since Apr 13th, 2023 at 0.04293507

intermediate term down The intermediate-term trend has been DOWN since May 9th, 2023 at 0.04400626

short term down The short-term trend has been DOWN since May 3rd, 2023 at 0.04540196

Smart Scan Analysis for ZMWGBP

Based on our trend formula, ZMWGBP is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for ZMWGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.04191517 0.04193931 0.04191517 0.04193931 +0.00002400
Prev. Close Volume Bid Ask Time
0.04126567 2023-05-28 13:38:08
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