Forex Trend Analysis Report
Prepared for you on Monday, April 6, 2020.
Rwandan Franc/British Pound (FOREX:RWFGBP)
Sidelines Mode (+55) - RWFGBP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 UP since Mar 12th, 2020 at 0.00083169
The intermediate-term trend has been UP since Mar 12th, 2020 at 0.00082023
The short-term trend has been DOWN since Mar 29th, 2020 at 0.00087724
Smart Scan Analysis for RWFGBP
Based on our trend formula, RWFGBP is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).