Forex Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
Rwandan Franc/US Dollar (FOREX:RWFUSD)
Strong Downtrend (-100) - RWFUSD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. 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 Sep 7th, 2021 at 0.00099065
The short-term trend has been DOWN since Oct 15th, 2021 at 0.00098322
Smart Scan Analysis for RWFUSD
Based on our trend formula, RWFUSD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).