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Forex Trend Analysis Report

Prepared for you on Wednesday, June 20, 2018.

US Dollar/Malawian Kwacha (FOREX:USDMWK)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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.

FOREX_USDMWK
Open High Low USDMWK Price Change
724.325 732.415 724.300 732.355 +8.030
Entry Signal

MarketClub’s Trade Triangles for USDMWK

long term up The long term trend has been UP since Jun 6th, 2018 at 750.370

intermediate term up The intermediate term trend has been UP since Jun 4th, 2018 at 732.025

short term up The short term trend has been UP since Jun 18th, 2018 at 903.190

Smart Scan Analysis for USDMWK

Based on a pre-defined weighted trend formula for chart analysis, USDMWK scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+80
Smart Scan Analysis for USDMWK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
724.325 732.415 724.300 732.355 +8.030
Prev. Close Volume Bid Ask Time
724.325 692.050 772.660 2018-06-20 14:06:16
Want to analyze US Dollar/Malawian Kwacha USDMWK or another symbol? Try our Free Forex Trend Analysis Report.