Forex Trend Analysis Report

Prepared for you on Sunday, August 14, 2022.

British Pound/South African Rand (FOREX:GBPZAR)

Crossroads (-60) - GBPZAR is struggling to move into a solid trend. Beware of choppy markets 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.

Open	High	Low	GBPZAR Price	Change
19.625920	19.703000	19.613500	19.677615	+0.051695
Entry Signal

MarketClub’s Trade Triangles for GBPZAR

The long-term trend has been UP since Jul 8th, 2022 at 20.276005

The intermediate-term trend has been DOWN since Aug 10th, 2022 at 20.000245

The short-term trend has been DOWN since Aug 8th, 2022 at 20.118345

Smart Scan Analysis for GBPZAR

Based on our trend formula, GBPZAR is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
19.625920	19.703000	19.613500	19.677615	+0.051695
Prev. Close	Volume	Bid	Ask	Time
19.625920				2022-08-14 23:59:37

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