Forex Trend Analysis Report
Prepared for you on Wednesday, July 18, 2018.
US Dollar/Rwandan Franc (FOREX:USDRWF)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines 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 USDRWF
The long term trend has been UP since Oct 20th, 2017 at 846.640
The intermediate term trend has been UP since Jun 26th, 2018 at 873.525
The short term trend has been DOWN since Jul 5th, 2018 at 860.500
Smart Scan Analysis for USDRWF
Based on a pre-defined weighted trend formula for chart analysis, USDRWF scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).