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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.

FOREX_ZARMWK
Open High Low ZARMWK Price Change
93.01132 93.31798 93.01132 93.31798 +0.30666
Entry Signal

MarketClub’s Trade Triangles for ZARMWK

long term up The long-term trend has been UP since Jul 23rd, 2023 at 57.309703

intermediate term down The intermediate-term trend has been DOWN since Apr 16th, 2024 at 91.433240

short term up 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).

+65
Smart Scan Analysis for ZARMWK
Strong Downtrend Sideways 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
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