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Forex Trend Analysis Report

Prepared for you on Sunday, September 22, 2019.

British Pound/South African Rand (FOREX:GBPZAR)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_GBPZAR
Open High Low GBPZAR Price Change
18.623175 18.656150 18.584655 18.591100 -0.032075
Entry Signal

MarketClub’s Trade Triangles for GBPZAR

long term down The long term trend has been DOWN since Jun 19th, 2019 at 18.106755

intermediate term down The intermediate term trend has been DOWN since Sep 3rd, 2019 at 18.216715

short term up The short term trend has been UP since Sep 15th, 2019 at 18.235450

Smart Scan Analysis for GBPZAR

Based on a pre-defined weighted trend formula for chart analysis, GBPZAR scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-65
Smart Scan Analysis for GBPZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
18.623175 18.656150 18.584655 18.591100 -0.032075
Prev. Close Volume Bid Ask Time
18.623175 18.570300 18.611900 2019-09-22 16:19:35
Want to analyze British Pound/South African Rand GBPZAR or another symbol? Try our Free Forex Trend Analysis Report.