Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Wednesday, May 1, 2024.
Rwandan Franc/British Pound (FOREX:RWFGBP)
Bull Market Weakness (+75) - RWFGBP is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on RWFGBP as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid RWFGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for RWFGBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for RWFGBP
The long-term trend has been DOWN since Nov 15th, 2022 at 0.00079208
The intermediate-term trend has been UP since Apr 2nd, 2024 at 0.00061644
The short-term trend has been UP since May 1st, 2024 at 0.00061927
Smart Scan Analysis for RWFGBP
Based on our trend formula, RWFGBP is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.0006209 | 0.0006209 | 0.0006209 | 0.0006209 | 0.0000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.0006209 | 2024-05-01 07:23:56 |