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Forex Trend Analysis Report

Prepared for you on Thursday, March 28, 2024.

US Dollar/Malawian Kwacha (FOREX:USDMWK)

Long-Term Uptrend (+90) - USDMWK is in a strong uptrend that is likely to continue. While USDMWK is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

Is it time to buy, sell, or avoid USDMWK?

MarketClub looks at technical strength and momentum to determine if the timing is right for USDMWK.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_USDMWK
Open High Low USDMWK Price Change
1734.2195 1734.2195 1734.2195 1734.2195 0.0000
Entry Signal

MarketClub’s Trade Triangles for USDMWK

long term up The long-term trend has been UP since Sep 19th, 2023 at 1100.0000

intermediate term up The intermediate-term trend has been UP since Mar 27th, 2024 at 1693.3819

short term up The short-term trend has been UP since Mar 27th, 2024 at 1683.5265

Smart Scan Analysis for USDMWK

Based on our trend formula, USDMWK is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for USDMWK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1734.2195 1734.2195 1734.2195 1734.2195 0.0000
Prev. Close Volume Bid Ask Time
1734.2195 2024-03-28 02:42:10
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