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Forex Trend Analysis Report

Prepared for you on Sunday, July 12, 2020.

British Pound/South African Rand (FOREX:GBPZAR)

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

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
21.22630 21.36160 21.15310 21.22107 -0.00523
Entry Signal

MarketClub’s Trade Triangles for GBPZAR

long term up The long-term trend has been UP since Oct 16th, 2019 at 18.951915

intermediate term down The intermediate-term trend has been DOWN since May 12th, 2020 at 22.472840

short term down The short-term trend has been DOWN since Jul 10th, 2020 at 21.211445

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
21.22630 21.36160 21.15310 21.22107 -0.00523
Prev. Close Volume Bid Ask Time
21.22630 21.21494 21.22720 2020-07-12 21:54:52
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