Forex Trend Analysis Report
Prepared for you on Tuesday, December 7, 2021.
British Pound/Russian Ruble (FOREX:GBPRUB)
Crossroads (-60) - GBPRUB is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid GBPRUB?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPRUB.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GBPRUB
The long-term trend has been DOWN since Jun 17th, 2021 at 100.60251
The intermediate-term trend has been UP since Nov 16th, 2021 at 98.72850
The short-term trend has been UP since Dec 6th, 2021 at 98.65951
Smart Scan Analysis for GBPRUB
Based on our trend formula, GBPRUB is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).