Forex Trend Analysis Report
Prepared for you on Wednesday, October 17, 2018.
Malawian Kwacha/US Dollar (FOREX:MWKUSD)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.
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 MWKUSD
The long term trend has been DOWN since Oct 3rd, 2018 at 0.001365
The intermediate term trend has been DOWN since Sep 9th, 2018 at 0.001375
The short term trend has been UP since Oct 7th, 2018 at 0.001376
Smart Scan Analysis for MWKUSD
Based on a pre-defined weighted trend formula for chart analysis, MWKUSD scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).