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Forex Trend Analysis Report

Prepared for you on Monday, January 24, 2022.

South African Rand/British Pound (FOREX:ZARGBP)

Bull Market Weakness (+75) - ZARGBP is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on ZARGBP as it may be in the beginning stages of a reversal.

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
0.0488540 0.0489110 0.0484705 0.0486215 -0.0002330
Entry Signal

MarketClub’s Trade Triangles for ZARGBP

long term down The long-term trend has been DOWN since Jul 14th, 2021 at 0.0489375

intermediate term up The intermediate-term trend has been UP since Jan 20th, 2022 at 0.0481380

short term up The short-term trend has been UP since Jan 6th, 2022 at 0.0469555

Smart Scan Analysis for ZARGBP

Based on our trend formula, ZARGBP is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for ZARGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.0488540 0.0489110 0.0484705 0.0486215 -0.0002330
Prev. Close Volume Bid Ask Time
0.0488540 2022-01-24 07:53:37
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