Forex Trend Analysis Report
Prepared for you on Saturday, June 23, 2018.
Malawian Kwacha/US Dollar (FOREX:MWKUSD)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 Jun 13th, 2018 at 0.001390
The short term trend has been DOWN since Jun 20th, 2018 at 0.001385
Smart Scan Analysis for MWKUSD
Based on a pre-defined weighted trend formula for chart analysis, MWKUSD scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).