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Forex Trend Analysis Report

Prepared for you on Tuesday, October 19, 2021.

Rwandan Franc/South African Rand (FOREX:RWFZAR)

Sidelines Mode (+55) - RWFZAR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid RWFZAR?

MarketClub looks at technical strength and momentum to determine if the timing is right for RWFZAR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_RWFZAR
Open High Low RWFZAR Price Change
0.01443952 0.01443952 0.01443952 0.01443952 0.00000000
Entry Signal

MarketClub’s Trade Triangles for RWFZAR

long term up The long-term trend has been UP since Aug 17th, 2021 at 0.01472713

intermediate term up The intermediate-term trend has been UP since Sep 19th, 2021 at 0.01439612

short term down The short-term trend has been DOWN since Oct 12th, 2021 at 0.01469865

Smart Scan Analysis for RWFZAR

Based on our trend formula, RWFZAR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for RWFZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.01443952 0.01443952 0.01443952 0.01443952 0.00000000
Prev. Close Volume Bid Ask Time
0.01443952 2021-10-15 07:17:38
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