Forex Trend Analysis Report

Prepared for you on Thursday, March 23, 2023.

South African Rand/British Pound (FOREX:ZARGBP)

Countertrend Down (-85) - ZARGBP is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

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.

Open	High	Low	ZARGBP Price	Change
0.044744	0.044925	0.044626	0.044764	+0.000020
Entry Signal

MarketClub’s Trade Triangles for ZARGBP

The long-term trend has been DOWN since Oct 13th, 2022 at 0.0484835

The intermediate-term trend has been DOWN since Jan 16th, 2023 at 0.0480130

The short-term trend has been UP since Mar 23rd, 2023 at 0.0447780

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).

-85

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
0.044744	0.044925	0.044626	0.044764	+0.000020
Prev. Close	Volume	Bid	Ask	Time
0.044744				2023-03-23 09:30:38

Get a free daily analysis and signals for South African Rand/British Pound (ZARGBP) - Request Your Free Report.