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Forex Trend Analysis Report

Prepared for you on Friday, May 24, 2024.

Rwandan Franc/South African Rand (FOREX:RWFZAR)

Long-Term Downtrend (-90) - RWFZAR is in a strong downtrend that is likely to continue. While RWFZAR is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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.

FOREX_RWFZAR
Open High Low RWFZAR Price Change
0.01397825 0.01400569 0.01397825 0.01400569 +0.00002700
Entry Signal

MarketClub’s Trade Triangles for RWFZAR

long term down The long-term trend has been DOWN since Jun 18th, 2023 at 0.01597665

intermediate term down The intermediate-term trend has been DOWN since May 5th, 2024 at 0.01444234

short term down The short-term trend has been DOWN since Apr 26th, 2024 at 0.01476953

Smart Scan Analysis for RWFZAR

Based on our trend formula, RWFZAR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for RWFZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.01397825 0.01400569 0.01397825 0.01400569 +0.00002700
Prev. Close Volume Bid Ask Time
0.01397349 2024-05-23 21:01:24
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