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Forex Trend Analysis Report
Prepared for you on Thursday, December 26, 2024.
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, ZARMWK 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.
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MarketClub’s Trade Triangles for ZARMWK
The long-term trend has been DOWN since Dec 24th, 2024 at 94.98186
The intermediate-term trend has been DOWN since Dec 24th, 2024 at 95.34929
The short-term trend has been DOWN since Dec 24th, 2024 at 96.35582
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 91.88927 | 91.88927 | 91.88927 | 91.88927 | 0.00000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 92.81812 | 2024-12-24 21:00:04 |