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Forex Trend Analysis Report

Prepared for you on Tuesday, October 23, 2018.

US Dollar/Malawian Kwacha (FOREX:USDMWK)

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.

Open High Low USDMWK Price Change
727.225 727.435 727.010 727.175 -0.050
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 Sep 9th, 2018 at 727.500

short term down The short term trend has been DOWN since Oct 18th, 2018 at 727.015

Smart Scan Analysis for USDMWK

Based on a pre-defined weighted trend formula for chart analysis, USDMWK scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for USDMWK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
727.225 727.435 727.010 727.175 -0.050
Prev. Close Volume Bid Ask Time
727.225 718.730 735.620 2018-10-23 14:34:30
Want to analyze US Dollar/Malawian Kwacha USDMWK or another symbol? Try our Free Forex Trend Analysis Report.