Forex Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
Euro/Rwandan Franc (FOREX:EURRWF)
Countertrend Down (-85) - EURRWF is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
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 DOWN since Aug 11th, 2021 at 1176.25
The intermediate-term trend has been DOWN since Oct 4th, 2021 at 1189.30
The short-term trend has been UP since Oct 15th, 2021 at 1181.25
Smart Scan Analysis for EURRWF
Based on our trend formula, EURRWF is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).