Free Daily Analysis

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.

FOREX_GBPZAR
Open High Low GBPZAR Price Change
19.625920 19.703000 19.613500 19.677615 +0.051695
Entry Signal

MarketClub’s Trade Triangles for GBPZAR

long term up The long-term trend has been UP since Jul 8th, 2022 at 20.276005

intermediate term down The intermediate-term trend has been DOWN since Aug 10th, 2022 at 20.000245

short term down 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).

-60
Smart Scan Analysis for GBPZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
19.625920 19.703000 19.613500 19.677615 +0.051695
Prev. Close Volume Bid Ask Time
19.625920 2022-08-14 23:59:37
Get a free daily analysis and signals for British Pound/South African Rand (GBPZAR) - Request Your Free Report.