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.
MarketClub’s Trade Triangles for USDMWK
The long term trend has been UP since Jun 6th, 2018 at 750.370
The intermediate term trend has been UP since Jun 4th, 2018 at 732.025
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).