Forex Trend Analysis Report
Prepared for you on Monday, March 1, 2021.
US Dollar/Rwandan Franc (FOREX:USDRWF)
Countertrend Up (+85) - USDRWF is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 Feb 16th, 2021 at 995.9147
The intermediate-term trend has been UP since Feb 16th, 2021 at 993.4267
The short-term trend has been UP since Feb 23rd, 2021 at 991.7357
Smart Scan Analysis for USDRWF
Based on our trend formula, USDRWF is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).