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.
MarketClub’s Trade Triangles for RWFZAR
The long-term trend has been DOWN since Dec 4th, 2019 at 0.01569062
The intermediate-term trend has been UP since Jan 12th, 2020 at 0.01503844
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).