Forex Trend Analysis Report
Prepared for you on Thursday, August 18, 2022.
British Pound/Russian Ruble (FOREX:GBPRUB)
Strong Downtrend (-100) - GBPRUB is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, GBPRUB continues to fall. Traders should use caution and set stops.
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 Apr 8th, 2022 at 100.20615
The intermediate-term trend has been DOWN since Jun 13th, 2022 at 69.96216
The short-term trend has been DOWN since Aug 16th, 2022 at 73.39310
Smart Scan Analysis for GBPRUB
Based on our trend formula, GBPRUB is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).