Forex Trend Analysis Report
Prepared for you on Friday, May 7, 2021.
South African Rand/British Pound (FOREX:ZARGBP)
Countertrend Up (+85) - ZARGBP 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 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.
MarketClub’s Trade Triangles for ZARGBP
The long-term trend has been UP since Apr 14th, 2021 at 0.0504275
The intermediate-term trend has been UP since Mar 22nd, 2021 at 0.0490820
The short-term trend has been DOWN since Apr 19th, 2021 at 0.0502965
Smart Scan Analysis for ZARGBP
Based on our trend formula, ZARGBP is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).