Forex Trend Analysis Report
Prepared for you on Friday, August 17, 2018.
Malawian Kwacha/US Dollar (FOREX:MWKUSD)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 UP since Jun 13th, 2018 at 0.001390
The intermediate term trend has been UP since Aug 13th, 2018 at 0.001388
The short term trend has been UP since Aug 13th, 2018 at 0.001379
Smart Scan Analysis for MWKUSD
Based on a pre-defined weighted trend formula for chart analysis, MWKUSD scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).