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Forex Trend Analysis Report

Prepared for you on Thursday, July 18, 2024.

British Pound/South African Rand (FOREX:GBPZAR)

Bull Market Weakness (+75) - GBPZAR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on GBPZAR as it may be in the beginning stages of a reversal.

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
23.659715 23.705315 23.536555 23.610940 -0.048775
Entry Signal

MarketClub’s Trade Triangles for GBPZAR

long term down The long-term trend has been DOWN since May 1st, 2024 at 23.352785

intermediate term up The intermediate-term trend has been UP since Jul 15th, 2024 at 23.668605

short term up The short-term trend has been UP since Jul 12th, 2024 at 23.326125

Smart Scan Analysis for GBPZAR

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

+70
Smart Scan Analysis for GBPZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
23.659715 23.705315 23.536555 23.610940 -0.048775
Prev. Close Volume Bid Ask Time
23.659715 2024-07-18 13:31:06
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