Forex Trend Analysis Report
Prepared for you on Sunday, July 21, 2019.
Euro/Rwandan Franc (FOREX:EURRWF)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for EURRWF
The long term trend has been UP since Jun 20th, 2019 at 1027.3
The intermediate term trend has been UP since Jun 13th, 2019 at 1024.1
The short term trend has been DOWN since Jul 1st, 2019 at 1035.9
Smart Scan Analysis for EURRWF
Based on a pre-defined weighted trend formula for chart analysis, EURRWF scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).