Forex Trend Analysis Report
Prepared for you on Monday, December 11, 2023.
Euro/Rwandan Franc (FOREX:EURRWF)
Bull Market Weakness (+75) - EURRWF is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on EURRWF as it may be in the beginning stages of a reversal.
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 UP since Sep 11th, 2023 at 1290.10
The short-term trend has been UP since Dec 8th, 2023 at 1356.60
Smart Scan Analysis for EURRWF
Based on our trend formula, EURRWF is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).