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Forex Trend Analysis Report

Prepared for you on Sunday, April 14, 2024.

Rwandan Franc/South African Rand (FOREX:RWFZAR)

Bear Market Rally (-75) - RWFZAR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on RWFZAR as it may be in the beginning of a reversal.

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.

FOREX_RWFZAR
Open High Low RWFZAR Price Change
0.0146453 0.0146453 0.0146453 0.0146453 0.0000000
Entry Signal

MarketClub’s Trade Triangles for RWFZAR

long term down The long-term trend has been DOWN since Jun 18th, 2023 at 0.01597665

intermediate term down The intermediate-term trend has been DOWN since Mar 1st, 2024 at 0.01483388

short term up The short-term trend has been UP since Apr 11th, 2024 at 0.01451971

Smart Scan Analysis for RWFZAR

Based on our trend formula, RWFZAR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for RWFZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.0146453 0.0146453 0.0146453 0.0146453 0.0000000
Prev. Close Volume Bid Ask Time
0.0146453 2024-04-13 18:02:07
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