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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
US Dollar/Rwandan Franc (FOREX:USDRWF)
Strong Uptrend (+100) - USDRWF is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, USDRWF continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
Is it time to buy, sell, or avoid USDRWF?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDRWF.
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 USDRWF
The long-term trend has been UP since Dec 22nd, 2023 at 1259.711
The intermediate-term trend has been UP since May 6th, 2024 at 1298.000
The short-term trend has been UP since May 3rd, 2024 at 1294.500
Smart Scan Analysis for USDRWF
Based on our trend formula, USDRWF is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1298.0000 | 1298.0000 | 1293.6856 | 1293.6856 | -4.3144 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1303.7726 | 2024-05-08 21:02:50 |