Forex Trend Analysis Report
Prepared for you on Saturday, April 4, 2020.
Russian Ruble/British Pound (FOREX:RUBGBP)
Bear Market Rally (-75) - RUBGBP is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on RUBGBP as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid RUBGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for RUBGBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for RUBGBP
The long-term trend has been DOWN since Oct 16th, 2019 at 0.01219100
The intermediate-term trend has been DOWN since Jan 27th, 2020 at 0.01222766
The short-term trend has been UP since Apr 2nd, 2020 at 0.01037971
Smart Scan Analysis for RUBGBP
Based on our trend formula, RUBGBP is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).