Forex Trend Analysis Report
Prepared for you on Tuesday, July 5, 2022.
Rwandan Franc/South African Rand (FOREX:RWFZAR)
Countertrend Up (+85) - RWFZAR is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 May 2nd, 2022 at 0.01521114
The intermediate-term trend has been UP since Jun 28th, 2022 at 0.01480115
The short-term trend has been UP since Jun 28th, 2022 at 0.01517349
Smart Scan Analysis for RWFZAR
Based on our trend formula, RWFZAR is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).