Forex Trend Analysis Report
Prepared for you on Friday, August 19, 2022.
US Dollar/Malawian Kwacha (FOREX:USDMWK)
Bull Market Weakness (+75) - USDMWK is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on USDMWK as it may be in the beginning stages of a reversal.
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 May 27th, 2022 at 818.3455
The intermediate-term trend has been UP since Aug 10th, 2022 at 1027.0193
The short-term trend has been UP since Aug 10th, 2022 at 1026.8670
Smart Scan Analysis for USDMWK
Based on our trend formula, USDMWK is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).