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Forex Trend Analysis Report

Prepared for you on Wednesday, May 29, 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.

FOREX_ZARGBP
Open High Low ZARGBP Price Change
0.0428160 0.0430035 0.0426975 0.0427685 -0.0000470
Entry Signal

MarketClub’s Trade Triangles for ZARGBP

long term up The long-term trend has been UP since May 1st, 2024 at 0.042821

intermediate term down The intermediate-term trend has been DOWN since May 27th, 2024 at 0.042543

short term up The short-term trend has been UP since May 29th, 2024 at 0.042889

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).

-55
Smart Scan Analysis for ZARGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.0428160 0.0430035 0.0426975 0.0427685 -0.0000470
Prev. Close Volume Bid Ask Time
0.0428160 2024-05-29 10:07:02
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