Forex Trend Analysis Report
Prepared for you on Tuesday, July 7, 2020.
Rwandan Franc/South African Rand (FOREX:RWFZAR)
Weak Downtrend (-65) - RWFZAR is showing signs of a strengthening downtrend. Monitor RWFZAR as it may be building momentum to the downside.
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 Mar 5th, 2020 at 0.01613831
The intermediate-term trend has been DOWN since Jul 2nd, 2020 at 0.01780868
The short-term trend has been DOWN since Jul 1st, 2020 at 0.01803211
Smart Scan Analysis for RWFZAR
Based on our trend formula, RWFZAR is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).