Forex Trend Analysis Report
Prepared for you on Tuesday, March 9, 2021.
Rwandan Franc/British Pound (FOREX:RWFGBP)
Sidelines Mode (+50) - RWFGBP is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until RWFGBP can gain momentum.
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.
MarketClub’s Trade Triangles for RWFGBP
The long-term trend has been DOWN since Jul 10th, 2020 at 0.00082925
The intermediate-term trend has been UP since Mar 7th, 2021 at 0.00072640
The short-term trend has been UP since Mar 4th, 2021 at 0.00072151
Smart Scan Analysis for RWFGBP
Based on our trend formula, RWFGBP is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).