Forex Trend Analysis Report
Prepared for you on Tuesday, August 4, 2020.
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.
MarketClub’s Trade Triangles for USDRWF
The long-term trend has been UP since Jun 14th, 2020 at 957.3909
The intermediate-term trend has been UP since Jun 14th, 2020 at 954.6997
The short-term trend has been DOWN since Jul 29th, 2020 at 952.5000
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).