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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Rwandan Franc/Euro (FOREX:RWFEUR)
Countertrend Down (-85) - RWFEUR is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
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.
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MarketClub’s Trade Triangles for RWFEUR
The long-term trend has been DOWN since Nov 11th, 2022 at 0.00093550
The intermediate-term trend has been DOWN since Jul 7th, 2024 at 0.00070391
The short-term trend has been UP since Jul 21st, 2024 at 0.00070075
Smart Scan Analysis for RWFEUR
Based on our trend formula, RWFEUR is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.0007006 | 0.0007006 | 0.0007006 | 0.0007006 | 0.0000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.0007006 | 2024-07-26 14:00:16 |