Forex Trend Analysis Report
Prepared for you on Friday, September 29, 2023.
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.
MarketClub’s Trade Triangles for GBPRUB
The long-term trend has been UP since Dec 1st, 2022 at 74.85108
The intermediate-term trend has been DOWN since Sep 11th, 2023 at 117.87987
The short-term trend has been UP since Sep 28th, 2023 at 118.52950
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).