Forex Trend Analysis Report
Prepared for you on Monday, June 5, 2023.
US Dollar/Malawian Kwacha (FOREX:USDMWK)
Sidelines Mode (-55) - USDMWK is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 Feb 15th, 2023 at 1030.5703
The intermediate-term trend has been DOWN since May 19th, 2023 at 1022.5000
The short-term trend has been UP since Jun 5th, 2023 at 1026.5000
Smart Scan Analysis for USDMWK
Based on our trend formula, USDMWK is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).