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Forex Trend Analysis Report

Prepared for you on Thursday, February 25, 2021.

British Pound/South African Rand (FOREX:GBPZAR)

Sidelines Mode (+55) - GBPZAR 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 GBPZAR?

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

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

FOREX_GBPZAR
Open High Low GBPZAR Price Change
20.552590 20.859305 20.497890 20.820480 +0.267890
Entry Signal

MarketClub’s Trade Triangles for GBPZAR

long term down The long-term trend has been DOWN since Jul 15th, 2020 at 20.890305

intermediate term up The intermediate-term trend has been UP since Feb 22nd, 2021 at 20.852300

short term down The short-term trend has been DOWN since Feb 24th, 2021 at 20.496700

Smart Scan Analysis for GBPZAR

Based on our trend formula, GBPZAR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for GBPZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
20.552590 20.859305 20.497890 20.820480 +0.267890
Prev. Close Volume Bid Ask Time
20.552590 2021-02-25 06:27:40
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