Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Wednesday, May 8, 2024.
British Pound/Rwandan Franc (FOREX:GBPRWF)
Weak Uptrend (+65) - GBPRWF is showing signs of weakening momentum to the upside. Monitor GBPRWF as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid GBPRWF?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPRWF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for GBPRWF
The long-term trend has been UP since Nov 15th, 2022 at 1262.7518
The intermediate-term trend has been DOWN since Apr 2nd, 2024 at 1622.4216
The short-term trend has been UP since May 3rd, 2024 at 1620.3666
Smart Scan Analysis for GBPRWF
Based on our trend formula, GBPRWF is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1615.7647 | 1615.7647 | 1615.7647 | 1615.7647 | 0.0000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1615.7647 | 2024-05-08 21:02:50 |