Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
South African Rand/Malawian Kwacha (FOREX:ZARMWK)
Weak Uptrend (+65) - ZARMWK is showing signs of weakening momentum to the upside. Monitor ZARMWK as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid ZARMWK?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARMWK.
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 ZARMWK
The long-term trend has been UP since Jul 23rd, 2023 at 57.309703
The intermediate-term trend has been DOWN since Apr 16th, 2024 at 91.433240
The short-term trend has been UP since Apr 26th, 2024 at 90.457530
Smart Scan Analysis for ZARMWK
Based on our trend formula, ZARMWK is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
Open | High | Low | Price | Change |
---|---|---|---|---|
93.01132 | 93.31798 | 93.01132 | 93.31798 | +0.30666 |
Prev. Close | Volume | Bid | Ask | Time |
93.01132 | 2024-05-08 21:02:50 |