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Forex Trend Analysis Report

Prepared for you on Thursday, March 28, 2024.

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.

FOREX_EURRWF
Open High Low EURRWF Price Change
1391.4 1391.4 1391.4 1391.4 0.0
Entry Signal

MarketClub’s Trade Triangles for EURRWF

long term up The long-term trend has been UP since Nov 11th, 2022 at 1069.16

intermediate term up The intermediate-term trend has been UP since Feb 23rd, 2024 at 1374.50

short term down The short-term trend has been DOWN since Mar 20th, 2024 at 1394.50

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).

+55
Smart Scan Analysis for EURRWF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1391.4 1391.4 1391.4 1391.4 0.0
Prev. Close Volume Bid Ask Time
1391.4 2024-03-28 02:42:10
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