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.
MarketClub’s Trade Triangles for ZARMWK
The long-term trend has been UP since May 27th, 2022 at 56.272544
The intermediate-term trend has been DOWN since Jun 17th, 2022 at 65.189334
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).