Forex Trend Analysis Report
Prepared for you on Monday, March 20, 2023.
Rwandan Franc/US Dollar (FOREX:RWFUSD)
Sidelines Mode (+50) - RWFUSD is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until RWFUSD can gain momentum.
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 Jun 8th, 2022 at 0.00096701
The intermediate-term trend has been UP since Mar 18th, 2023 at 0.00092558
The short-term trend has been UP since Mar 18th, 2023 at 0.00091767
Smart Scan Analysis for RWFUSD
Based on our trend formula, RWFUSD is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).