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.
MarketClub’s Trade Triangles for GBPRUB
The long-term trend has been DOWN since Jun 17th, 2021 at 100.60251
The intermediate-term trend has been DOWN since Aug 17th, 2021 at 100.98414
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).