Forex Trend Analysis Report
Prepared for you on Tuesday, December 18, 2018.
Euro/Rwandan Franc (FOREX:EURRWF)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for EURRWF
The long term trend has been UP since Sep 16th, 2018 at 1030.560
The intermediate term trend has been DOWN since Dec 16th, 2018 at 1009.590
The short term trend has been DOWN since Dec 16th, 2018 at 1014.675
Smart Scan Analysis for EURRWF
Based on a pre-defined weighted trend formula for chart analysis, EURRWF scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).