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.

Open	High	Low	ZARMWK Price	Change
56.435907	56.451613	56.435907	56.451613	+0.015706
Entry Signal

MarketClub’s Trade Triangles for ZARMWK

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

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

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

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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