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Forex Trend Analysis Report

Prepared for you on Thursday, April 18, 2024.

British Pound/Rwandan Franc (FOREX:GBPRWF)

Sidelines Mode (+55) - GBPRWF is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
1609.0691 1609.0691 1609.0691 1609.0691 0.0000
Entry Signal

MarketClub’s Trade Triangles for GBPRWF

long term up The long-term trend has been UP since Nov 15th, 2022 at 1262.7518

intermediate term down The intermediate-term trend has been DOWN since Apr 2nd, 2024 at 1622.4216

short term up The short-term trend has been UP since Apr 18th, 2024 at 1604.3982

Smart Scan Analysis for GBPRWF

Based on our trend formula, GBPRWF is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for GBPRWF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1609.0691 1609.0691 1609.0691 1609.0691 0.0000
Prev. Close Volume Bid Ask Time
1609.0691 2024-04-18 07:26:28
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