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Forex Trend Analysis Report

Prepared for you on Wednesday, May 12, 2021.

US Dollar/Rwandan Franc (FOREX:USDRWF)

Strong Uptrend (+100) - USDRWF is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, USDRWF continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.

Is it time to buy, sell, or avoid USDRWF?

MarketClub looks at technical strength and momentum to determine if the timing is right for USDRWF.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_USDRWF
Open High Low USDRWF Price Change
1000.9620 1002.5281 985.0000 1002.5281 +1.5661
Entry Signal

MarketClub’s Trade Triangles for USDRWF

long term up The long-term trend has been UP since Feb 16th, 2021 at 995.9147

intermediate term up The intermediate-term trend has been UP since Apr 18th, 2021 at 994.7444

short term up The short-term trend has been UP since Apr 18th, 2021 at 994.7152

Smart Scan Analysis for USDRWF

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

+100
Smart Scan Analysis for USDRWF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1000.9620 1002.5281 985.0000 1002.5281 +1.5661
Prev. Close Volume Bid Ask Time
1000.9620 2021-05-11 20:34:46
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