Forex Trend Analysis Report
Prepared for you on Wednesday, October 20, 2021.
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.
MarketClub’s Trade Triangles for MWKZAR
The long-term trend has been UP since Aug 20th, 2021 at 0.01839736
The intermediate-term trend has been DOWN since Oct 19th, 2021 at 0.01828521
The short-term trend has been DOWN since Oct 19th, 2021 at 0.01814260
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).