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Forex Trend Analysis Report

Prepared for you on Thursday, November 15, 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.

FOREX_ZARMWK
Open High Low ZARMWK Price Change
50.4490 50.9495 50.3475 50.5845 +0.1355
Entry Signal

MarketClub’s Trade Triangles for ZARMWK

long term down The long term trend has been DOWN since Jun 20th, 2018 at 53.5975

intermediate term up The intermediate term trend has been UP since Sep 26th, 2018 at 51.2550

short term down The short term trend has been DOWN since Nov 9th, 2018 at 50.9245

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).

-55
Smart Scan Analysis for ZARMWK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
50.4490 50.9495 50.3475 50.5845 +0.1355
Prev. Close Volume Bid Ask Time
50.4490 50.3380 50.8310 2018-11-14 20:43:36
Want to analyze South African Rand/Malawian Kwacha ZARMWK or another symbol? Try our Free Forex Trend Analysis Report.