Forex Trend Analysis Report
Prepared for you on Sunday, February 28, 2021.
Malawian Kwacha/South African Rand (FOREX:MWKZAR)
Strong Downtrend (-100) - MWKZAR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
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 DOWN since Jul 13th, 2020 at 0.02287719
The intermediate-term trend has been DOWN since Feb 1st, 2021 at 0.01961433
The short-term trend has been DOWN since Feb 1st, 2021 at 0.01966860
Smart Scan Analysis for MWKZAR
Based on our trend formula, MWKZAR is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).