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Forex Trend Analysis Report

Prepared for you on Saturday, December 9, 2023.

US Dollar/ (FOREX:USDZMW)

Countertrend Up (+85) - USDZMW is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

Is it time to buy, sell, or avoid USDZMW?

MarketClub looks at technical strength and momentum to determine if the timing is right for USDZMW.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_USDZMW
Open High Low USDZMW Price Change
24.145357 24.145357 24.145357 24.145357 0.000000
Entry Signal

MarketClub’s Trade Triangles for USDZMW

long term up The long-term trend has been UP since Sep 4th, 2023 at 20.117041

intermediate term up The intermediate-term trend has been UP since Jul 23rd, 2023 at 18.302497

short term up The short-term trend has been UP since Oct 13th, 2023 at 20.979191

Smart Scan Analysis for USDZMW

Based on our trend formula, USDZMW is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80
Smart Scan Analysis for USDZMW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
24.145357 24.145357 24.145357 24.145357 0.000000
Prev. Close Volume Bid Ask Time
24.145357 2023-12-09 00:32:25
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