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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
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, RWFZAR 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.
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MarketClub’s Trade Triangles for RWFZAR
The long-term trend has been DOWN since Jun 18th, 2023 at 0.01597665
The intermediate-term trend has been DOWN since Jun 17th, 2024 at 0.01398504
The short-term trend has been DOWN since Jul 26th, 2024 at 0.01390099
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.01389128 | 0.01390059 | 0.01389128 | 0.01390059 | +0.00000900 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.01389128 | 2024-07-26 14:00:16 |