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Forex Trend Analysis Report

Prepared for you on Tuesday, April 16, 2024.

US Dollar/Malawian Kwacha (FOREX:USDMWK)

Countertrend Up (+85) - USDMWK is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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.

FOREX_USDMWK
Open High Low USDMWK Price Change
1732.5338 1732.5338 1732.5338 1732.5338 0.0000
Entry Signal

MarketClub’s Trade Triangles for USDMWK

long term up The long-term trend has been UP since Sep 19th, 2023 at 1100.0000

intermediate term up The intermediate-term trend has been UP since Mar 27th, 2024 at 1693.3819

short term down The short-term trend has been DOWN since Apr 14th, 2024 at 1733.9623

Smart Scan Analysis for USDMWK

Based on our trend formula, USDMWK is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for USDMWK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1732.5338 1732.5338 1732.5338 1732.5338 0.0000
Prev. Close Volume Bid Ask Time
1732.5338 2024-04-16 07:27:10
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