Free Daily Analysis

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.

FOREX_GBPRWF
Open High Low GBPRWF Price Change
1179.7635 1179.7635 1179.7635 1179.7635 0.0000
Entry Signal

MarketClub’s Trade Triangles for GBPRWF

long term down The long-term trend has been DOWN since Mar 12th, 2020 at 1202.6248

intermediate term down The intermediate-term trend has been DOWN since Mar 12th, 2020 at 1219.4175

short term up 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).

-75
Smart Scan Analysis for GBPRWF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1179.7635 1179.7635 1179.7635 1179.7635 0.0000
Prev. Close Volume Bid Ask Time
1184.4752 1162.7828 1196.7442 2020-04-01 07:17:56
Get a free daily analysis and signals for British Pound/Rwandan Franc (GBPRWF) - Request Your Free Report.