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Forex Trend Analysis Report
Prepared for you on Wednesday, April 17, 2024.
British Pound/ (FOREX:GBPZMW)
Sidelines Mode (+55) - GBPZMW 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 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.
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MarketClub’s Trade Triangles for GBPZMW
The long-term trend has been UP since Sep 4th, 2023 at 25.250971
The intermediate-term trend has been DOWN since Apr 2nd, 2024 at 31.316701
The short-term trend has been UP since Apr 9th, 2024 at 31.295784
Smart Scan Analysis for GBPZMW
Based on our trend formula, GBPZMW is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 31.388318 | 31.388318 | 31.388318 | 31.388318 | 0.000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 31.388318 | 2024-04-17 19:38:09 |