Forex Trend Analysis Report
Prepared for you on Thursday, October 21, 2021.
Malawian Kwacha/US Dollar (FOREX:MWKUSD)
Bear Market Rally (-75) - MWKUSD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on MWKUSD as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid MWKUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for MWKUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MWKUSD
The long-term trend has been DOWN since Jun 24th, 2020 at 0.00135135
The intermediate-term trend has been UP since Oct 19th, 2021 at 0.00122381
The short-term trend has been DOWN since Sep 22nd, 2021 at 0.00122749
Smart Scan Analysis for MWKUSD
Based on our trend formula, MWKUSD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).