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Forex Trend Analysis Report

Prepared for you on Monday, October 18, 2021.

US Dollar/Rwandan Franc (FOREX:USDRWF)

Sidelines Mode (+55) - USDRWF 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 USDRWF?

MarketClub looks at technical strength and momentum to determine if the timing is right for USDRWF.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

Open High Low USDRWF Price Change
995.0 997.5 995.0 997.5 +2.5
Entry Signal

MarketClub’s Trade Triangles for USDRWF

long term up The long-term trend has been UP since Feb 16th, 2021 at 995.9147

intermediate term up The intermediate-term trend has been UP since Sep 15th, 2021 at 1012.0580

short term down The short-term trend has been DOWN since Oct 18th, 2021 at 997.5000

Smart Scan Analysis for USDRWF

Based on our trend formula, USDRWF is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

Smart Scan Analysis for USDRWF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
995.0 997.5 995.0 997.5 +2.5
Prev. Close Volume Bid Ask Time
995.0 2021-10-18 17:02:56
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