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Forex Trend Analysis Report

Prepared for you on Wednesday, June 29, 2022.

South African Rand/Malawian Kwacha (FOREX:ZARMWK)

Weak Downtrend (-65) - ZARMWK is showing signs of a strengthening downtrend. Monitor ZARMWK as it may be building momentum to the downside.

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
63.670401 63.670401 63.670401 63.670401 0.000000
Entry Signal

MarketClub’s Trade Triangles for ZARMWK

long term up The long-term trend has been UP since May 27th, 2022 at 56.272544

intermediate term down The intermediate-term trend has been DOWN since Jun 17th, 2022 at 65.189334

short term down The short-term trend has been DOWN since Jun 17th, 2022 at 66.524424

Smart Scan Analysis for ZARMWK

Based on our trend formula, ZARMWK is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for ZARMWK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
63.670401 63.670401 63.670401 63.670401 0.000000
Prev. Close Volume Bid Ask Time
63.670401 2022-06-29 07:17:22
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