Forex Trend Analysis Report
Prepared for you on Tuesday, November 12, 2019.
Euro/Rwandan Franc (FOREX:EURRWF)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 Nov 4th, 2019 at 1032.800
The intermediate term trend has been UP since Oct 31st, 2019 at 1032.130
The short term trend has been UP since Oct 17th, 2019 at 1014.905
Smart Scan Analysis for EURRWF
Based on a pre-defined weighted trend formula for chart analysis, EURRWF scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).