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Forex Trend Analysis Report

Prepared for you on Tuesday, August 4, 2020.

US Dollar/Rwandan Franc (FOREX:USDRWF)

Sidelines Mode (+55) - USDRWF is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
950 950 950 950 0
Entry Signal

MarketClub’s Trade Triangles for USDRWF

long term up The long-term trend has been UP since Jun 14th, 2020 at 957.3909

intermediate term up The intermediate-term trend has been UP since Jun 14th, 2020 at 954.6997

short term down The short-term trend has been DOWN since Jul 29th, 2020 at 952.5000

Smart Scan Analysis for USDRWF

Based on our trend formula, USDRWF is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for USDRWF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
950 950 950 950 0
Prev. Close Volume Bid Ask Time
950 940 960 2020-08-03 15:44:31
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