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Forex Trend Analysis Report

Prepared for you on Wednesday, June 12, 2024.

British Pound/ (FOREX:GBPZMW)

Countertrend Up (+85) - GBPZMW is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

Is it time to buy, sell, or avoid GBPZMW?

MarketClub looks at technical strength and momentum to determine if the timing is right for GBPZMW.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_GBPZMW
Open High Low GBPZMW Price Change
33.834444 33.834444 33.834444 33.834444 0.000000
Entry Signal

MarketClub’s Trade Triangles for GBPZMW

long term up The long-term trend has been UP since Sep 4th, 2023 at 25.250971

intermediate term up The intermediate-term trend has been UP since May 28th, 2024 at 34.319478

short term down The short-term trend has been DOWN since Jun 11th, 2024 at 33.581062

Smart Scan Analysis for GBPZMW

Based on our trend formula, GBPZMW is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for GBPZMW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
33.834444 33.834444 33.834444 33.834444 0.000000
Prev. Close Volume Bid Ask Time
33.834444 2024-06-12 07:39:53
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