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Forex Trend Analysis Report

Prepared for you on Friday, August 17, 2018.

US Dollar/Malawian Kwacha (FOREX:USDMWK)

Smart Scan Chart Analysis indicates that the downward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range 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.

FOREX_USDMWK
Open High Low USDMWK Price Change
727.21 727.43 727.01 727.07 -0.14
Entry Signal

MarketClub’s Trade Triangles for USDMWK

long term up The long term trend has been UP since Jun 6th, 2018 at 750.37

intermediate term down The intermediate term trend has been DOWN since Aug 13th, 2018 at 720.00

short term down The short term trend has been DOWN since Aug 10th, 2018 at 720.50

Smart Scan Analysis for USDMWK

Based on a pre-defined weighted trend formula for chart analysis, USDMWK scored -50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-50
Smart Scan Analysis for USDMWK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
727.21 727.43 727.01 727.07 -0.14
Prev. Close Volume Bid Ask Time
727.21 718.67 735.47 2018-08-17 14:25:16
Want to analyze US Dollar/Malawian Kwacha USDMWK or another symbol? Try our Free Forex Trend Analysis Report.