Forex Trend Analysis Report
Prepared for you on Sunday, July 12, 2020.
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.
MarketClub’s Trade Triangles for GBPZAR
The long-term trend has been UP since Oct 16th, 2019 at 18.951915
The intermediate-term trend has been DOWN since May 12th, 2020 at 22.472840
The short-term trend has been DOWN since Jul 10th, 2020 at 21.211445
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).