Forex Trend Analysis Report
Prepared for you on Sunday, March 26, 2023.
Euro/Rwandan Franc (FOREX:EURRWF)
Sidelines Mode (+55) - EURRWF is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 Nov 11th, 2022 at 1069.16
The intermediate-term trend has been DOWN since Feb 17th, 2023 at 1160.38
The short-term trend has been UP since Mar 17th, 2023 at 1158.10
Smart Scan Analysis for EURRWF
Based on our trend formula, EURRWF is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).