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.
MarketClub’s Trade Triangles for ZARGBP
The long-term trend has been DOWN since Jul 14th, 2021 at 0.0489375
The intermediate-term trend has been UP since Jan 20th, 2022 at 0.0481380
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).