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.
MarketClub’s Trade Triangles for RWFZAR
The long-term trend has been UP since Aug 17th, 2021 at 0.01472713
The intermediate-term trend has been UP since Sep 19th, 2021 at 0.01439612
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).