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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Rwandan Franc/British Pound (FOREX:RWFGBP)
Countertrend Down (-85) - RWFGBP is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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.
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MarketClub’s Trade Triangles for RWFGBP
The long-term trend has been DOWN since Nov 15th, 2022 at 0.00079208
The intermediate-term trend has been DOWN since Jul 7th, 2024 at 0.00059439
The short-term trend has been UP since Jul 21st, 2024 at 0.00058872
Smart Scan Analysis for RWFGBP
Based on our trend formula, RWFGBP is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.0005912 | 0.0005912 | 0.0005912 | 0.0005912 | 0.0000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.0005912 | 2024-07-26 14:00:16 |