Free Daily Analysis

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.

FOREX_ZARGBP
Open High Low ZARGBP Price Change
0.0505950 0.0509020 0.0503365 0.0508490 +0.0002540
Entry Signal

MarketClub’s Trade Triangles for ZARGBP

long term up The long-term trend has been UP since Apr 14th, 2021 at 0.0504275

intermediate term up The intermediate-term trend has been UP since Mar 22nd, 2021 at 0.0490820

short term down 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).

+85
Smart Scan Analysis for ZARGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.0505950 0.0509020 0.0503365 0.0508490 +0.0002540
Prev. Close Volume Bid Ask Time
0.0505950 2021-05-07 17:13:24
Get a free daily analysis and signals for South African Rand/British Pound (ZARGBP) - Request Your Free Report.