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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
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.
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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 UP since Jul 7th, 2024 at 1682.5850
The short-term trend has been DOWN since Jul 21st, 2024 at 1698.7847
Smart Scan Analysis for GBPRWF
Based on our trend formula, GBPRWF is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1691.6514 | 1691.6514 | 1691.6514 | 1691.6514 | 0.0000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1691.6514 | 2024-07-26 14:00:16 |