Forex Trend Analysis Report
Prepared for you on Friday, February 26, 2021.
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 Jul 13th, 2020 at 1081.00
The intermediate-term trend has been UP since Feb 16th, 2021 at 1206.04
The short-term trend has been UP since Feb 24th, 2021 at 1208.03
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).