Forex Trend Analysis Report
Prepared for you on Monday, January 22, 2018.
US Dollar/Rwandan Franc (FOREX:USDRWF)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 19th, 2018 at 858.555
The short term trend has been DOWN since Jan 19th, 2018 at 858.555
Smart Scan Analysis for USDRWF
Based on a pre-defined weighted trend formula for chart analysis, USDRWF scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).