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Forex Trend Analysis Report

Prepared for you on Saturday, May 25, 2024.

Rwandan Franc/British Pound (FOREX:RWFGBP)

Long-Term Downtrend (-90) - RWFGBP is in a strong downtrend that is likely to continue. While RWFGBP is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid RWFGBP?

MarketClub looks at technical strength and momentum to determine if the timing is right for RWFGBP.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_RWFGBP
Open High Low RWFGBP Price Change
0.00059785 0.00059785 0.00059785 0.00059785 0.00000000
Entry Signal

MarketClub’s Trade Triangles for RWFGBP

long term down The long-term trend has been DOWN since Nov 15th, 2022 at 0.00079208

intermediate term down The intermediate-term trend has been DOWN since May 12th, 2024 at 0.00061678

short term down The short-term trend has been DOWN since May 12th, 2024 at 0.00061824

Smart Scan Analysis for RWFGBP

Based on our trend formula, RWFGBP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for RWFGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00059785 0.00059785 0.00059785 0.00059785 0.00000000
Prev. Close Volume Bid Ask Time
0.00059785 2024-05-25 06:03:51
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