Forex Trend Analysis Report
Prepared for you on Tuesday, January 22, 2019.
Rwandan Franc/South African Rand (FOREX:RWFZAR)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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 RWFZAR
The long term trend has been DOWN since Dec 2nd, 2018 at 0.015447
The intermediate term trend has been DOWN since Jan 7th, 2019 at 0.016072
The short term trend has been UP since Jan 21st, 2019 at 0.015423
Smart Scan Analysis for RWFZAR
Based on a pre-defined weighted trend formula for chart analysis, RWFZAR scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).