Forex Trend Analysis Report
Prepared for you on Sunday, August 18, 2019.
US Dollar/Rwandan Franc (FOREX:USDRWF)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 USDRWF
The long term trend has been UP since Mar 21st, 2019 at 903.260
The intermediate term trend has been UP since Jul 21st, 2019 at 917.075
The short term trend has been DOWN since Jul 31st, 2019 at 915.500
Smart Scan Analysis for USDRWF
Based on a pre-defined weighted trend formula for chart analysis, USDRWF scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).