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Forex Trend Analysis Report

Prepared for you on Thursday, October 28, 2021.

British Pound/Russian Ruble (FOREX:GBPRUB)

Bear Market Rally (-75) - GBPRUB is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on GBPRUB as it may be in the beginning 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
97.05951 97.22235 96.99626 97.14268 +0.08317
Entry Signal

MarketClub’s Trade Triangles for GBPRUB

long term down The long-term trend has been DOWN since Jun 17th, 2021 at 100.60251

intermediate term down The intermediate-term trend has been DOWN since Aug 17th, 2021 at 100.98414

short term up The short-term trend has been UP since Oct 27th, 2021 at 97.11500

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
97.05951 97.22235 96.99626 97.14268 +0.08317
Prev. Close Volume Bid Ask Time
97.05951 2021-10-28 02:08:52
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