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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Rwandan Franc/Euro (FOREX:RWFEUR)
Long-Term Downtrend (-90) - RWFEUR is in a strong downtrend that is likely to continue. While RWFEUR is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid RWFEUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for RWFEUR.
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 RWFEUR
The long-term trend has been DOWN since Nov 11th, 2022 at 0.00093550
The intermediate-term trend has been DOWN since May 5th, 2024 at 0.00072195
The short-term trend has been DOWN since May 5th, 2024 at 0.00072195
Smart Scan Analysis for RWFEUR
Based on our trend formula, RWFEUR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.00071961 | 0.00071961 | 0.00071961 | 0.00071961 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.00071961 | 2024-05-08 21:02:50 |