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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.

FOREX_ZARMWK
Open High Low ZARMWK Price Change
55.917147 55.917147 55.917147 55.917147 0.000000
Entry Signal

MarketClub’s Trade Triangles for ZARMWK

long term down The long-term trend has been DOWN since Aug 20th, 2021 at 54.356594

intermediate term up The intermediate-term trend has been UP since Oct 19th, 2021 at 54.689978

short term up 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).

+50
Smart Scan Analysis for ZARMWK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
55.917147 55.917147 55.917147 55.917147 0.000000
Prev. Close Volume Bid Ask Time
55.917147 2021-10-19 07:16:41
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