Forex Trend Analysis Report
Prepared for you on Monday, March 20, 2023.
Rwandan Franc/British Pound (FOREX:RWFGBP)
Bear Market Rally (-75) - RWFGBP is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on RWFGBP as it may be in the beginning of a reversal.
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 Nov 15th, 2022 at 0.00079208
The intermediate-term trend has been UP since Feb 17th, 2023 at 0.00076167
The short-term trend has been DOWN since Mar 15th, 2023 at 0.00076503
Smart Scan Analysis for RWFGBP
Based on our trend formula, RWFGBP is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).