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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.

FOREX_GBPRUB
Open High Low GBPRUB Price Change
118.15493 120.22545 117.81629 119.72683 +1.57190
Entry Signal

MarketClub’s Trade Triangles for GBPRUB

long term up The long-term trend has been UP since Dec 1st, 2022 at 74.85108

intermediate term down The intermediate-term trend has been DOWN since Sep 11th, 2023 at 117.87987

short term up 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).

+75
Smart Scan Analysis for GBPRUB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
118.15493 120.22545 117.81629 119.72683 +1.57190
Prev. Close Volume Bid Ask Time
118.15493 2023-09-29 12:16:09
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