Forex Trend Analysis Report
Prepared for you on Monday, January 20, 2020.
Euro/Rwandan Franc (FOREX:EURRWF)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 Nov 4th, 2019 at 1032.80
The intermediate term trend has been UP since Oct 31st, 2019 at 1032.13
The short term trend has been DOWN since Jan 8th, 2020 at 1060.55
Smart Scan Analysis for EURRWF
Based on a pre-defined weighted trend formula for chart analysis, EURRWF scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).