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Forex Trend Analysis Report

Prepared for you on Friday, April 26, 2024.

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
23.793365 23.875450 23.639505 23.648630 -0.144735
Entry Signal

MarketClub’s Trade Triangles for GBPZAR

long term up The long-term trend has been UP since Jan 17th, 2024 at 24.067690

intermediate term down The intermediate-term trend has been DOWN since Apr 2nd, 2024 at 23.702565

short term down The short-term trend has been DOWN since Apr 26th, 2024 at 23.679925

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
23.793365 23.875450 23.639505 23.648630 -0.144735
Prev. Close Volume Bid Ask Time
23.793365 2024-04-26 06:48:52
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