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Forex Trend Analysis Report

Prepared for you on Monday, March 8, 2021.

Malawian Kwacha/US Dollar (FOREX:MWKUSD)

Long-Term Downtrend (-90) - MWKUSD is in a strong downtrend that is likely to continue. While MWKUSD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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.

FOREX_MWKUSD
Open High Low MWKUSD Price Change
0.00127885 0.00127885 0.00127885 0.00127885 0.00000000
Entry Signal

MarketClub’s Trade Triangles for MWKUSD

long term down The long-term trend has been DOWN since Jun 24th, 2020 at 0.00135135

intermediate term down The intermediate-term trend has been DOWN since Feb 16th, 2021 at 0.00128974

short term down The short-term trend has been DOWN since Feb 8th, 2021 at 0.00129269

Smart Scan Analysis for MWKUSD

Based on our trend formula, MWKUSD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for MWKUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00127885 0.00127885 0.00127885 0.00127885 0.00000000
Prev. Close Volume Bid Ask Time
0.00127885 2021-03-08 07:19:12
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