Forex Trend Analysis Report
Prepared for you on Tuesday, January 21, 2020.
Malawian Kwacha/South African Rand (FOREX:MWKZAR)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight stops.
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 MWKZAR
The long term trend has been DOWN since Dec 12th, 2019 at 0.01973800
The intermediate term trend has been UP since Jan 12th, 2020 at 0.01946249
The short term trend has been UP since Jan 3rd, 2020 at 0.01918566
Smart Scan Analysis for MWKZAR
Based on a pre-defined weighted trend formula for chart analysis, MWKZAR scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).