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Forex Trend Analysis Report
Prepared for you on Tuesday, October 3, 2023.
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.
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MarketClub’s Trade Triangles for GBPZAR
The long-term trend has been UP since Oct 13th, 2022 at 20.628095
The intermediate-term trend has been DOWN since Aug 27th, 2023 at 23.415775
The short-term trend has been UP since Sep 27th, 2023 at 23.213225
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 23.263635 | 23.276230 | 23.260315 | 23.273250 | +0.009615 |
| Prev. Close | Volume | Bid | Ask | Time |
| 23.263635 | 2023-10-03 00:23:26 |