Forex Trend Analysis Report
Prepared for you on Wednesday, April 14, 2021.
Rwandan Franc/South African Rand (FOREX:RWFZAR)
Crossroads (-60) - RWFZAR is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid RWFZAR?
MarketClub looks at technical strength and momentum to determine if the timing is right for RWFZAR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for RWFZAR
The long-term trend has been UP since Mar 8th, 2021 at 0.01557327
The intermediate-term trend has been DOWN since Apr 1st, 2021 at 0.01477616
The short-term trend has been DOWN since Apr 1st, 2021 at 0.01486701
Smart Scan Analysis for RWFZAR
Based on our trend formula, RWFZAR is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).