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Forex Trend Analysis Report
Prepared for you on Friday, April 19, 2024.
Rwandan Franc/South African Rand (FOREX:RWFZAR)
Sidelines Mode (-55) - RWFZAR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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.
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MarketClub’s Trade Triangles for RWFZAR
The long-term trend has been DOWN since Jun 18th, 2023 at 0.01597665
The intermediate-term trend has been DOWN since Mar 1st, 2024 at 0.01483388
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 -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.01476953 | 0.01476953 | 0.01476953 | 0.01476953 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.01490773 | 2024-04-18 07:26:28 |