Forex Trend Analysis Report
Prepared for you on Thursday, May 24, 2018.
South African Rand/Malawian Kwacha (FOREX:ZARMWK)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down 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.
MarketClub’s Trade Triangles for ZARMWK
The long term trend has been DOWN since May 1st, 2018 at 57.9745
The intermediate term trend has been DOWN since Apr 9th, 2018 at 59.9665
The short term trend has been UP since May 22nd, 2018 at 57.5390
Smart Scan Analysis for ZARMWK
Based on a pre-defined weighted trend formula for chart analysis, ZARMWK scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).