Forex Trend Analysis Report
Prepared for you on Wednesday, April 1, 2020.
US Dollar/Rwandan Franc (FOREX:USDRWF)
Weak Downtrend (-65) - USDRWF is showing signs of a strengthening downtrend. Monitor USDRWF as it may be building momentum to the downside.
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 Mar 21st, 2019 at 903.2600
The intermediate-term trend has been DOWN since Apr 1st, 2020 at 937.5000
The short-term trend has been DOWN since Mar 29th, 2020 at 942.6551
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).