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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.

Open High Low ZARMWK Price Change
57.7270 58.0550 57.5535 57.9145 +0.1875
Entry Signal

MarketClub’s Trade Triangles for ZARMWK

long term down The long term trend has been DOWN since May 1st, 2018 at 57.9745

intermediate term down The intermediate term trend has been DOWN since Apr 9th, 2018 at 59.9665

short term up 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).

Smart Scan Analysis for ZARMWK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
57.7270 58.0550 57.5535 57.9145 +0.1875
Prev. Close Volume Bid Ask Time
57.7270 57.3600 58.4690 2018-05-24 07:53:19
Want to analyze South African Rand/Malawian Kwacha ZARMWK or another symbol? Try our Free Forex Trend Analysis Report.