Forex Trend Analysis Report
Prepared for you on Saturday, November 28, 2020.
British Pound/Russian Ruble (FOREX:GBPRUB)
Countertrend Up (+85) - GBPRUB is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 Oct 16th, 2019 at 82.02750
The intermediate-term trend has been UP since Oct 28th, 2020 at 102.26027
The short-term trend has been UP since Nov 27th, 2020 at 101.65111
Smart Scan Analysis for GBPRUB
Based on our trend formula, GBPRUB is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).