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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
British Pound/Rwandan Franc (FOREX:GBPRWF)
Weak Downtrend (-65) - GBPRWF is showing signs of a strengthening downtrend. Monitor GBPRWF as it may be building momentum to the downside.
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.
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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 Nov 14th, 2024 at 1754.0553
The short-term trend has been DOWN since Nov 14th, 2024 at 1754.0553
Smart Scan Analysis for GBPRWF
Based on our trend formula, GBPRWF is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1734.4751 | 1734.4751 | 1731.9859 | 1731.9859 | -2.4892 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1734.4751 | 2024-11-18 13:11:45 |