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Forex Trend Analysis Report
Prepared for you on Thursday, November 21, 2024.
South African Rand/Malawian Kwacha (FOREX:ZARMWK)
Crossroads (-60) - ZARMWK is struggling to move into a solid trend. Beware of choppy markets 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.
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MarketClub’s Trade Triangles for ZARMWK
The long-term trend has been UP since Jul 23rd, 2023 at 57.309703
The intermediate-term trend has been DOWN since Nov 17th, 2024 at 98.347990
The short-term trend has been DOWN since Nov 17th, 2024 at 98.347990
Smart Scan Analysis for ZARMWK
Based on our trend formula, ZARMWK is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 95.77069 | 95.77069 | 95.77069 | 95.77069 | 0.00000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 95.77069 | 2024-11-20 19:11:56 |