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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.

FOREX_GBPRWF
Open High Low GBPRWF Price Change
1319.5378 1319.5378 1319.5378 1319.5378 0.0000
Entry Signal

MarketClub’s Trade Triangles for GBPRWF

long term up The long-term trend has been UP since Jul 10th, 2020 at 1206.1367

intermediate term up The intermediate-term trend has been UP since Oct 4th, 2020 at 1258.3474

short term up 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).

+80
Smart Scan Analysis for GBPRWF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1319.5378 1319.5378 1319.5378 1319.5378 0.0000
Prev. Close Volume Bid Ask Time
1329.2234 2020-12-02 07:11:42
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