Forex Trend Analysis Report
Prepared for you on Thursday, August 22, 2019.
Rwandan Franc/US Dollar (FOREX:RWFUSD)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 RWFUSD
The long term trend has been DOWN since Jun 16th, 2019 at 0.001098
The intermediate term trend has been UP since Aug 11th, 2019 at 0.001093
The short term trend has been UP since Aug 11th, 2019 at 0.001092
Smart Scan Analysis for RWFUSD
Based on a pre-defined weighted trend formula for chart analysis, RWFUSD scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).