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Forex Trend Analysis Report
Prepared for you on Sunday, May 5, 2024.
Australian Dollar/Rwandan Franc (FOREX:AUDRWF)
Crossroads (+60) - AUDRWF is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid AUDRWF?
MarketClub looks at technical strength and momentum to determine if the timing is right for AUDRWF.
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 AUDRWF
The long-term trend has been UP since Nov 24th, 2022 at 729.8059
The intermediate-term trend has been DOWN since Apr 14th, 2024 at 834.5922
The short-term trend has been DOWN since May 1st, 2024 at 843.1468
Smart Scan Analysis for AUDRWF
Based on our trend formula, AUDRWF is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 842.2567 | 842.2567 | 842.2567 | 842.2567 | 0.0000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 850.1593 | 2024-05-02 07:26:26 |