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Forex Trend Analysis Report
Prepared for you on Saturday, October 26, 2024.
British Pound/South African Rand (FOREX:GBPZAR)
Countertrend Down (-85) - GBPZAR is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
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.
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MarketClub’s Trade Triangles for GBPZAR
The long-term trend has been DOWN since May 1st, 2024 at 23.352785
The intermediate-term trend has been DOWN since Aug 15th, 2024 at 23.128980
The short-term trend has been UP since Oct 23rd, 2024 at 23.014965
Smart Scan Analysis for GBPZAR
Based on our trend formula, GBPZAR is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 22.902965 | 22.902965 | 22.902965 | 22.902965 | 0.000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 22.902965 | 2024-10-26 04:46:24 |