Forex Trend Analysis Report
Prepared for you on Sunday, July 15, 2018.
Euro/Rwandan Franc (FOREX:EURRWF)
Smart Scan Chart Analysis indicates that the upward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range Mode.
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 DOWN since May 1st, 2018 at 1058.83
The intermediate term trend has been UP since Jul 8th, 2018 at 1021.31
The short term trend has been UP since Jul 5th, 2018 at 1017.78
Smart Scan Analysis for EURRWF
Based on a pre-defined weighted trend formula for chart analysis, EURRWF scored +50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).