Forex Trend Analysis Report
Prepared for you on Friday, February 26, 2021.
Rwandan Franc/US Dollar (FOREX:RWFUSD)
Long-Term Downtrend (-90) - RWFUSD is in a strong downtrend that is likely to continue. While RWFUSD 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 RWFUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for RWFUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for RWFUSD
The long-term trend has been DOWN since May 21st, 2020 at 0.00104602
The intermediate-term trend has been DOWN since Feb 16th, 2021 at 0.00100677
The short-term trend has been DOWN since Feb 16th, 2021 at 0.00100726
Smart Scan Analysis for RWFUSD
Based on our trend formula, RWFUSD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).