Forex Trend Analysis Report
Prepared for you on Monday, June 1, 2020.
Zimbabwean Dollar/British Pound (FOREX:ZWDGBP)
Countertrend Down (-85) - ZWDGBP 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 ZWDGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZWDGBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZWDGBP
The long-term trend has been DOWN since Oct 13th, 2019 at 1.711750
The intermediate-term trend has been DOWN since Oct 13th, 2019 at 1.711750
The short-term trend has been UP since Oct 16th, 2019 at 1.711735
Smart Scan Analysis for ZWDGBP
Based on our trend formula, ZWDGBP is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).