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Forex Trend Analysis Report
Prepared for you on Saturday, May 4, 2024.
South African Rand/British Pound (FOREX:ZARGBP)
Long-Term Uptrend (+90) - ZARGBP is in a strong uptrend that is likely to continue. While ZARGBP is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution 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.
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MarketClub’s Trade Triangles for ZARGBP
The long-term trend has been UP since May 1st, 2024 at 0.0428210
The intermediate-term trend has been UP since Apr 2nd, 2024 at 0.0421895
The short-term trend has been UP since Apr 26th, 2024 at 0.0422300
Smart Scan Analysis for ZARGBP
Based on our trend formula, ZARGBP is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.0429495 | 0.0431070 | 0.0428590 | 0.0430595 | +0.0001100 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.0429495 | 2024-05-03 16:59:44 |