Forex Trend Analysis Report
Prepared for you on Saturday, May 30, 2020.
Malawian Kwacha/South African Rand (FOREX:MWKZAR)
Crossroads (-60) - MWKZAR is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 Feb 10th, 2020 at 0.02039097
The intermediate-term trend has been DOWN since May 12th, 2020 at 0.02495376
The short-term trend has been DOWN since May 20th, 2020 at 0.02481325
Smart Scan Analysis for MWKZAR
Based on our trend formula, MWKZAR is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).