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Forex Trend Analysis Report

Prepared for you on Wednesday, November 29, 2023.

South African Rand/Malawian Kwacha (FOREX:ZARMWK)

Sidelines Mode (+55) - ZARMWK 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 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.

FOREX_ZARMWK
Open High Low ZARMWK Price Change
89.67651 89.67651 89.67651 89.67651 0.00000
Entry Signal

MarketClub’s Trade Triangles for ZARMWK

long term up The long-term trend has been UP since Jul 23rd, 2023 at 57.309703

intermediate term up The intermediate-term trend has been UP since Nov 6th, 2023 at 61.056311

short term down The short-term trend has been DOWN since Nov 23rd, 2023 at 89.782240

Smart Scan Analysis for ZARMWK

Based on our trend formula, ZARMWK is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for ZARMWK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
89.67651 89.67651 89.67651 89.67651 0.00000
Prev. Close Volume Bid Ask Time
89.20036 2023-11-23 07:26:39
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