Forex Trend Analysis Report
Prepared for you on Saturday, February 17, 2018.
South African Rand/Malawian Kwacha (FOREX:ZARMWK)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 UP since Dec 18th, 2017 at 56.8720
The intermediate term trend has been UP since Nov 22nd, 2017 at 52.0035
The short term trend has been UP since Feb 13th, 2018 at 61.0095
Smart Scan Analysis for ZARMWK
Based on a pre-defined weighted trend formula for chart analysis, ZARMWK scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).