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.
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).