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Forex Trend Analysis Report

Prepared for you on Monday, February 17, 2020.

Rwandan Franc/South African Rand (FOREX:RWFZAR)

Crossroads (-60) - RWFZAR is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid ?

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
0.01580990 0.01580990 0.01568044 0.01568044 -0.00012900
Entry Signal

MarketClub’s Trade Triangles for RWFZAR

long term down The long-term trend has been DOWN since Dec 4th, 2019 at 0.01569062

intermediate term up The intermediate-term trend has been UP since Jan 12th, 2020 at 0.01503844

short term up The short-term trend has been UP since Jan 27th, 2020 at 0.01524834

Smart Scan Analysis for RWFZAR

Based on our trend formula, RWFZAR is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for RWFZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.01580990 0.01580990 0.01568044 0.01568044 -0.00012900
Prev. Close Volume Bid Ask Time
0.01565645 0.01545442 0.01590645 2020-02-10 21:01:17
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