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Forex Trend Analysis Report
Prepared for you on Wednesday, May 8, 2024.
Rwandan Franc/South African Rand (FOREX:RWFZAR)
Long-Term Downtrend (-90) - RWFZAR is in a strong downtrend that is likely to continue. While RWFZAR 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 RWFZAR?
MarketClub looks at technical strength and momentum to determine if the timing is right for RWFZAR.
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 RWFZAR
The long-term trend has been DOWN since Jun 18th, 2023 at 0.01597665
The intermediate-term trend has been DOWN since May 5th, 2024 at 0.01444234
The short-term trend has been DOWN since Apr 26th, 2024 at 0.01476953
Smart Scan Analysis for RWFZAR
Based on our trend formula, RWFZAR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.01437173 | 0.01437173 | 0.01437173 | 0.01437173 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.01437173 | 2024-05-08 21:02:50 |