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Forex Trend Analysis Report
Prepared for you on Monday, October 18, 2021.
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.
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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 Sep 15th, 2021 at 1012.0580
The short-term trend has been DOWN since Oct 18th, 2021 at 997.5000
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 995.0 | 997.5 | 995.0 | 997.5 | +2.5 |
| Prev. Close | Volume | Bid | Ask | Time |
| 995.0 | 2021-10-18 17:02:56 |