Forex Trend Analysis Report
Prepared for you on Sunday, October 17, 2021.
Rwandan Franc/Euro (FOREX:RWFEUR)
Sidelines Mode (+55) - RWFEUR 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 RWFEUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for RWFEUR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for RWFEUR
The long-term trend has been UP since Aug 11th, 2021 at 0.00085030
The intermediate-term trend has been UP since Oct 4th, 2021 at 0.00084097
The short-term trend has been DOWN since Oct 15th, 2021 at 0.00084670
Smart Scan Analysis for RWFEUR
Based on our trend formula, RWFEUR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).