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.
MarketClub’s Trade Triangles for AUDRWF
The long-term trend has been DOWN since Jul 7th, 2021 at 754.0966
The intermediate-term trend has been UP since Aug 2nd, 2021 at 740.1293
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).