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.
MarketClub’s Trade Triangles for ZMWGBP
The long-term trend has been UP since Apr 13th, 2023 at 0.04293507
The intermediate-term trend has been DOWN since May 9th, 2023 at 0.04400626
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).