Forex Trend Analysis Report
Prepared for you on Saturday, December 5, 2020.
Euro/Rwandan Franc (FOREX:EURRWF)
Countertrend Up (+85) - EURRWF is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid EURRWF?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURRWF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EURRWF
The long-term trend has been UP since Jul 13th, 2020 at 1081.00
The intermediate-term trend has been UP since Oct 13th, 2020 at 1143.01
The short-term trend has been UP since Nov 9th, 2020 at 1157.07
Smart Scan Analysis for EURRWF
Based on our trend formula, EURRWF is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).