Forex Trend Analysis Report
Prepared for you on Friday, February 22, 2019.
British Pound/South African Rand (FOREX:GBPZAR)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for GBPZAR
The long term trend has been DOWN since Dec 3rd, 2018 at 17.393515
The intermediate term trend has been UP since Feb 14th, 2019 at 18.119410
The short term trend has been DOWN since Feb 21st, 2019 at 18.123320
Smart Scan Analysis for GBPZAR
Based on a pre-defined weighted trend formula for chart analysis, GBPZAR scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).