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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Malawian Kwacha/South African Rand (FOREX:MWKZAR)
Strong Downtrend (-100) - MWKZAR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, MWKZAR continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid MWKZAR?
MarketClub looks at technical strength and momentum to determine if the timing is right for MWKZAR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for MWKZAR
The long-term trend has been DOWN since Jul 23rd, 2023 at 0.01744927
The intermediate-term trend has been DOWN since May 9th, 2024 at 0.01068249
The short-term trend has been DOWN since Apr 26th, 2024 at 0.01105496
Smart Scan Analysis for MWKZAR
Based on our trend formula, MWKZAR is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.01067538 | 0.01067538 | 0.01067538 | 0.01067538 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.01067538 | 2024-05-09 07:26:26 |