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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
US Dollar/Rwandan Franc (FOREX:USDRWF)
Bull Market Weakness (+75) - USDRWF is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on USDRWF as it may be in the beginning stages of a reversal.
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.
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MarketClub’s Trade Triangles for USDRWF
The long-term trend has been UP since Dec 22nd, 2023 at 1259.7110
The intermediate-term trend has been UP since Oct 28th, 2024 at 1360.0000
The short-term trend has been UP since Oct 28th, 2024 at 1354.4532
Smart Scan Analysis for USDRWF
Based on our trend formula, USDRWF is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1374.4602 | 1374.4602 | 1367.4649 | 1370.0000 | -4.4602 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1371.0000 | 2024-11-18 17:57:59 |