Forex Trend Analysis Report
Prepared for you on Sunday, October 24, 2021.
Rwandan Franc/British Pound (FOREX:RWFGBP)
Strong Downtrend (-100) - RWFGBP is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. 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.
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 DOWN since Oct 23rd, 2021 at 0.00071471
The short-term trend has been DOWN since Oct 15th, 2021 at 0.00072226
Smart Scan Analysis for RWFGBP
Based on our trend formula, RWFGBP is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).