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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.
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MarketClub’s Trade Triangles for GBPRUB
The long-term trend has been UP since Aug 13th, 2024 at 117.26016
The intermediate-term trend has been UP since Aug 12th, 2024 at 114.44412
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).
| 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 |