Forex Trend Analysis Report
Prepared for you on Friday, December 4, 2020.
British Pound/Rwandan Franc (FOREX:GBPRWF)
Countertrend Up (+85) - GBPRWF is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 Jul 10th, 2020 at 1206.1367
The intermediate-term trend has been UP since Oct 4th, 2020 at 1258.3474
The short-term trend has been UP since Nov 9th, 2020 at 1280.4475
Smart Scan Analysis for GBPRWF
Based on our trend formula, GBPRWF is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).