Forex Trend Analysis Report
Prepared for you on Monday, April 6, 2020.
British Pound/Rwandan Franc (FOREX:GBPRWF)
Bear Market Rally (-75) - GBPRWF is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on GBPRWF as it may be in the beginning 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 DOWN since Mar 12th, 2020 at 1202.6248
The intermediate-term trend has been DOWN since Mar 12th, 2020 at 1219.4175
The short-term trend has been UP since Mar 29th, 2020 at 1140.1759
Smart Scan Analysis for GBPRWF
Based on our trend formula, GBPRWF is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).