Forex Trend Analysis Report
Prepared for you on Saturday, January 25, 2020.
US Dollar/Malawian Kwacha (FOREX:USDMWK)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for USDMWK
The long term trend has been UP since Dec 19th, 2019 at 740.62
The intermediate term trend has been DOWN since Jan 23rd, 2020 at 732.50
The short term trend has been DOWN since Jan 22nd, 2020 at 735.00
Smart Scan Analysis for USDMWK
Based on a pre-defined weighted trend formula for chart analysis, USDMWK scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).