Forex Trend Analysis Report
Prepared for you on Sunday, January 19, 2020.
Rwandan Franc/US Dollar (FOREX:RWFUSD)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for RWFUSD
The long term trend has been DOWN since Jun 16th, 2019 at 0.00109800
The intermediate term trend has been DOWN since Oct 25th, 2019 at 0.00107853
The short term trend has been UP since Jan 12th, 2020 at 0.00105447
Smart Scan Analysis for RWFUSD
Based on a pre-defined weighted trend formula for chart analysis, RWFUSD scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).