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Forex Trend Analysis Report

Prepared for you on Tuesday, March 28, 2023.

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
56.435907 56.451613 56.435907 56.451613 +0.015706
Entry Signal

MarketClub’s Trade Triangles for ZARMWK

long term down The long-term trend has been DOWN since Mar 6th, 2023 at 56.001931

intermediate term up The intermediate-term trend has been UP since Mar 17th, 2023 at 56.526894

short term up The short-term trend has been UP since Mar 17th, 2023 at 55.761201

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
56.435907 56.451613 56.435907 56.451613 +0.015706
Prev. Close Volume Bid Ask Time
56.435907 2023-03-28 13:24:47
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