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Forex Trend Analysis Report

Prepared for you on Wednesday, August 4, 2021.

Australian Dollar/Rwandan Franc (FOREX:AUDRWF)

Sidelines Mode (+50) - AUDRWF is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until AUDRWF can gain momentum.

Is it time to buy, sell, or avoid AUDRWF?

MarketClub looks at technical strength and momentum to determine if the timing is right for AUDRWF.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_AUDRWF
Open High Low AUDRWF Price Change
741.5213 741.5213 741.5213 741.5213 0.0000
Entry Signal

MarketClub’s Trade Triangles for AUDRWF

long term down The long-term trend has been DOWN since Jul 7th, 2021 at 754.0966

intermediate term up The intermediate-term trend has been UP since Aug 2nd, 2021 at 740.1293

short term up The short-term trend has been UP since Jul 28th, 2021 at 739.6850

Smart Scan Analysis for AUDRWF

Based on our trend formula, AUDRWF is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+50
Smart Scan Analysis for AUDRWF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
741.5213 741.5213 741.5213 741.5213 0.0000
Prev. Close Volume Bid Ask Time
746.9215 2021-08-02 07:24:31
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