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.
MarketClub’s Trade Triangles for USDMWK
The long term trend has been UP since Jun 6th, 2018 at 750.37
The intermediate term trend has been DOWN since Aug 13th, 2018 at 720.00
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).