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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.

FOREX_GBPZAR
Open High Low GBPZAR Price Change
23.263635 23.276230 23.260315 23.273250 +0.009615
Entry Signal

MarketClub’s Trade Triangles for GBPZAR

long term up The long-term trend has been UP since Oct 13th, 2022 at 20.628095

intermediate term down The intermediate-term trend has been DOWN since Aug 27th, 2023 at 23.415775

short term up 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).

+55
Smart Scan Analysis for GBPZAR
Strong Downtrend Sideways 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
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