Forex Trend Analysis Report
Prepared for you on Tuesday, January 15, 2019.
US Dollar/Rwandan Franc (FOREX:USDRWF)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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 USDRWF
The long term trend has been UP since Oct 20th, 2017 at 846.640
The intermediate term trend has been DOWN since Jan 7th, 2019 at 875.500
The short term trend has been UP since Jan 10th, 2019 at 892.765
Smart Scan Analysis for USDRWF
Based on a pre-defined weighted trend formula for chart analysis, USDRWF scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).