Forex Trend Analysis Report
Prepared for you on Wednesday, February 19, 2020.
South African Rand/British Pound (FOREX:ZARGBP)
Strong Downtrend (-100) - ZARGBP is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution 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.
MarketClub’s Trade Triangles for ZARGBP
The long-term trend has been DOWN since Oct 16th, 2019 at 0.0527650
The intermediate-term trend has been DOWN since Jan 21st, 2020 at 0.0527985
The short-term trend has been DOWN since Feb 17th, 2020 at 0.0512305
Smart Scan Analysis for ZARGBP
Based on our trend formula, ZARGBP is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).