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Forex Trend Analysis Report
Prepared for you on Thursday, December 26, 2024.
Malawian Kwacha/South African Rand (FOREX:MWKZAR)
Countertrend Up (+85) - MWKZAR is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid MWKZAR?
MarketClub looks at technical strength and momentum to determine if the timing is right for MWKZAR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for MWKZAR
The long-term trend has been UP since Dec 24th, 2024 at 0.01052838
The intermediate-term trend has been UP since Dec 24th, 2024 at 0.01048781
The short-term trend has been UP since Dec 24th, 2024 at 0.01037825
Smart Scan Analysis for MWKZAR
Based on our trend formula, MWKZAR is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.01088272 | 0.01088272 | 0.01088272 | 0.01088272 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.01077381 | 2024-12-24 21:00:04 |