Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
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 Feb 10th, 2020 at 49.042519
The intermediate-term trend has been UP since May 12th, 2020 at 40.075132
The short-term trend has been UP since May 20th, 2020 at 40.302064
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 41.140149 | 42.062559 | 41.140149 | 42.062559 | +0.922410 |
| Prev. Close | Volume | Bid | Ask | Time |
| 41.766520 | 41.854619 | 42.270499 | 2020-05-21 21:08:21 |