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Forex Trend Analysis Report

Prepared for you on Sunday, October 24, 2021.

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
814.8944 814.8944 814.8944 814.8944 0.0000
Entry Signal

MarketClub’s Trade Triangles for USDMWK

long term up The long-term trend has been UP since Dec 19th, 2019 at 740.62

intermediate term up The intermediate-term trend has been UP since Oct 19th, 2021 at 817.50

short term down The short-term trend has been DOWN since Oct 19th, 2021 at 816.50

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
814.8944 814.8944 814.8944 814.8944 0.0000
Prev. Close Volume Bid Ask Time
814.8944 2021-10-23 17:27:53
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