Forex Trend Analysis Report
Prepared for you on Wednesday, October 20, 2021.
South African Rand/Malawian Kwacha (FOREX:ZARMWK)
Sidelines Mode (+50) - ZARMWK is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until ZARMWK can gain momentum.
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 Aug 20th, 2021 at 54.356594
The intermediate-term trend has been UP since Oct 19th, 2021 at 54.689978
The short-term trend has been UP since Oct 19th, 2021 at 55.119849
Smart Scan Analysis for ZARMWK
Based on our trend formula, ZARMWK is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).