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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
South African Rand/British Pound (FOREX:ZARGBP)
Sidelines Mode (+55) - ZARGBP 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 ZARGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARGBP.
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 ZARGBP
The long-term trend has been UP since May 1st, 2024 at 0.0428210
The intermediate-term trend has been DOWN since Jul 15th, 2024 at 0.0422500
The short-term trend has been UP since Jul 26th, 2024 at 0.0424525
Smart Scan Analysis for ZARGBP
Based on our trend formula, ZARGBP is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
![Smart Scan Analysis for ZARGBP](/img/sites/trend-web/images/trend-slider.png)
Open | High | Low | Price | Change |
---|---|---|---|---|
0.0424230 | 0.0426405 | 0.0424125 | 0.0424955 | +0.0000720 |
Prev. Close | Volume | Bid | Ask | Time |
0.0424230 | 2024-07-26 16:59:56 |