Forex Trend Analysis Report
Prepared for you on Sunday, March 24, 2019.
Rwandan Franc/US Dollar (FOREX:RWFUSD)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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 RWFUSD
The long term trend has been DOWN since Nov 23rd, 2017 at 0.001180
The intermediate term trend has been UP since Mar 20th, 2019 at 0.001113
The short term trend has been DOWN since Mar 21st, 2019 at 0.001110
Smart Scan Analysis for RWFUSD
Based on a pre-defined weighted trend formula for chart analysis, RWFUSD scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).