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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
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.
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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 UP since Nov 14th, 2024 at 0.00057017
The short-term trend has been UP since Nov 14th, 2024 at 0.00057017
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.00057661 | 0.00057743 | 0.00057661 | 0.00057743 | +0.00000100 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.00057661 | 2024-11-18 13:11:45 |