Forex Trend Analysis Report
Prepared for you on Saturday, October 31, 2020.
Rwandan Franc/Euro (FOREX:RWFEUR)
Long-Term Downtrend (-90) - RWFEUR is in a strong downtrend that is likely to continue. While RWFEUR is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution 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.
MarketClub’s Trade Triangles for RWFEUR
The long-term trend has been DOWN since Jun 24th, 2020 at 0.00093082
The intermediate-term trend has been DOWN since Oct 13th, 2020 at 0.00087503
The short-term trend has been DOWN since Oct 13th, 2020 at 0.00086980
Smart Scan Analysis for RWFEUR
Based on our trend formula, RWFEUR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).