Forex Trend Analysis Report
Prepared for you on Wednesday, April 21, 2021.
Rwandan Franc/South African Rand (FOREX:RWFZAR)
Strong Downtrend (-100) - RWFZAR 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 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.
MarketClub’s Trade Triangles for RWFZAR
The long-term trend has been DOWN since Apr 18th, 2021 at 0.01455735
The intermediate-term trend has been DOWN since Apr 1st, 2021 at 0.01477616
The short-term trend has been DOWN since Apr 1st, 2021 at 0.01486701
Smart Scan Analysis for RWFZAR
Based on our trend formula, RWFZAR is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).