Forex Trend Analysis Report
Prepared for you on Tuesday, January 21, 2020.
US Dollar/Rwandan Franc (FOREX:USDRWF)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for USDRWF
The long term trend has been UP since Mar 21st, 2019 at 903.2600
The intermediate term trend has been UP since Dec 8th, 2019 at 933.8919
The short term trend has been DOWN since Jan 21st, 2020 at 937.5000
Smart Scan Analysis for USDRWF
Based on a pre-defined weighted trend formula for chart analysis, USDRWF scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).