Forex Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
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 UP since Oct 16th, 2019 at 82.0275
The intermediate-term trend has been DOWN since Apr 30th, 2020 at 90.7456
The short-term trend has been DOWN since May 5th, 2020 at 92.9714
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).