Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Monday, March 8, 2021.
US Dollar/Malawian Kwacha (FOREX:USDMWK)
Bull Market Weakness (+75) - USDMWK is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on USDMWK as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid USDMWK?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDMWK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for USDMWK
The long-term trend has been UP since Dec 19th, 2019 at 740.6200
The intermediate-term trend has been UP since Mar 3rd, 2021 at 781.1340
The short-term trend has been DOWN since Mar 8th, 2021 at 781.0631
Smart Scan Analysis for USDMWK
Based on our trend formula, USDMWK is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 781.9694 | 781.9694 | 780.0000 | 780.5000 | -1.4694 |
| Prev. Close | Volume | Bid | Ask | Time |
| 781.9694 | 2021-03-08 18:31:23 |