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Forex Trend Analysis Report

Prepared for you on Tuesday, March 28, 2023.

Malawian Kwacha/South African Rand (FOREX:MWKZAR)

Weak Downtrend (-65) - MWKZAR is showing signs of a strengthening downtrend. Monitor MWKZAR as it may be building momentum to the downside.

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.

FOREX_MWKZAR
Open High Low MWKZAR Price Change
0.01771945 0.01771945 0.01771452 0.01771452 -0.00000500
Entry Signal

MarketClub’s Trade Triangles for MWKZAR

long term up The long-term trend has been UP since Mar 6th, 2023 at 0.01785677

intermediate term down The intermediate-term trend has been DOWN since Mar 17th, 2023 at 0.01769093

short term down The short-term trend has been DOWN since Mar 17th, 2023 at 0.01793386

Smart Scan Analysis for MWKZAR

Based on our trend formula, MWKZAR is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for MWKZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.01771945 0.01771945 0.01771452 0.01771452 -0.00000500
Prev. Close Volume Bid Ask Time
0.01771945 2023-03-28 13:24:47
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