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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.

FOREX_USDMWK
Open High Low USDMWK Price Change
1027.3367 1027.3367 1020.5000 1020.5000 -6.8367
Entry Signal

MarketClub’s Trade Triangles for USDMWK

long term up The long-term trend has been UP since Feb 15th, 2023 at 1030.5703

intermediate term down The intermediate-term trend has been DOWN since May 19th, 2023 at 1022.5000

short term up 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).

-55
Smart Scan Analysis for USDMWK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1027.3367 1027.3367 1020.5000 1020.5000 -6.8367
Prev. Close Volume Bid Ask Time
1027.3367 2023-06-05 12:56:45
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