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Forex Trend Analysis Report
Prepared for you on Wednesday, May 8, 2024.
Euro/Rwandan Franc (FOREX:EURRWF)
Long-Term Uptrend (+90) - EURRWF is in a strong uptrend that is likely to continue. While EURRWF is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid EURRWF?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURRWF.
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 EURRWF
The long-term trend has been UP since Nov 11th, 2022 at 1069.16
The intermediate-term trend has been UP since May 8th, 2024 at 1387.80
The short-term trend has been UP since May 3rd, 2024 at 1385.30
Smart Scan Analysis for EURRWF
Based on our trend formula, EURRWF is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1389.8 | 1389.8 | 1389.8 | 1389.8 | 0.0 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1389.8 | 2024-05-08 21:02:50 |