Forex Trend Analysis Report
Prepared for you on Sunday, March 26, 2023.
British Pound/Rwandan Franc (FOREX:GBPRWF)
Sidelines Mode (+55) - GBPRWF is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid GBPRWF?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPRWF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GBPRWF
The long-term trend has been UP since Nov 15th, 2022 at 1262.7518
The intermediate-term trend has been DOWN since Feb 17th, 2023 at 1313.1224
The short-term trend has been UP since Mar 15th, 2023 at 1307.3532
Smart Scan Analysis for GBPRWF
Based on our trend formula, GBPRWF is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).