Forex Trend Analysis Report
Prepared for you on Friday, December 4, 2020.
Russian Ruble/British Pound (FOREX:RUBGBP)
Crossroads (+60) - RUBGBP is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid RUBGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for RUBGBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for RUBGBP
The long-term trend has been DOWN since Oct 16th, 2019 at 0.01219100
The intermediate-term trend has been UP since Dec 4th, 2020 at 0.01002495
The short-term trend has been UP since Dec 2nd, 2020 at 0.00990528
Smart Scan Analysis for RUBGBP
Based on our trend formula, RUBGBP is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).