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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.

FOREX_USDRWF
Open High Low USDRWF Price Change
993.0214 993.0214 985.0000 985.0000 -8.0214
Entry Signal

MarketClub’s Trade Triangles for USDRWF

long term up The long-term trend has been UP since Feb 16th, 2021 at 995.9147

intermediate term up The intermediate-term trend has been UP since Feb 16th, 2021 at 993.4267

short term up 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).

+80
Smart Scan Analysis for USDRWF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
993.0214 993.0214 985.0000 985.0000 -8.0214
Prev. Close Volume Bid Ask Time
992.9978 2021-02-24 10:38:31
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