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Forex Trend Analysis Report

Prepared for you on Monday, October 7, 2024.

British Pound/Russian Ruble (FOREX:GBPRUB)

Bull Market Weakness (+75) - GBPRUB is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on GBPRUB as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid GBPRUB?

MarketClub looks at technical strength and momentum to determine if the timing is right for GBPRUB.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_GBPRUB
Open High Low GBPRUB Price Change
125.64025 125.94752 125.50287 125.75858 +0.11833
Entry Signal

MarketClub’s Trade Triangles for GBPRUB

long term up The long-term trend has been UP since Aug 13th, 2024 at 117.26016

intermediate term up The intermediate-term trend has been UP since Aug 12th, 2024 at 114.44412

short term down The short-term trend has been DOWN since Oct 4th, 2024 at 124.03011

Smart Scan Analysis for GBPRUB

Based on our trend formula, GBPRUB is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for GBPRUB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
125.64025 125.94752 125.50287 125.75858 +0.11833
Prev. Close Volume Bid Ask Time
125.64025 2024-10-07 07:17:23
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