Forex Trend Analysis Report
Prepared for you on Tuesday, January 21, 2020.
Malawian Kwacha/US Dollar (FOREX:MWKUSD)
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 MWKUSD
The long term trend has been UP since Sep 19th, 2019 at 0.00138000
The intermediate term trend has been UP since Dec 29th, 2019 at 0.00136285
The short term trend has been UP since Jan 12th, 2020 at 0.00135654
Smart Scan Analysis for MWKUSD
Based on a pre-defined weighted trend formula for chart analysis, MWKUSD scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).