Forex Trend Analysis Report
Prepared for you on Thursday, February 27, 2020.
South African Rand/Malawian Kwacha (FOREX:ZARMWK)
Strong Downtrend (-100) - ZARMWK is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid ZARMWK?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARMWK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZARMWK
The long-term trend has been DOWN since Feb 10th, 2020 at 49.042519
The intermediate-term trend has been DOWN since Jan 12th, 2020 at 51.382104
The short-term trend has been DOWN since Feb 10th, 2020 at 49.491975
Smart Scan Analysis for ZARMWK
Based on our trend formula, ZARMWK is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).