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.
MarketClub’s Trade Triangles for USDZMW
The long-term trend has been UP since Sep 4th, 2023 at 20.117041
The intermediate-term trend has been UP since Jul 23rd, 2023 at 18.302497
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).