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Forex Trend Analysis Report
Prepared for you on Sunday, February 28, 2021.
South African Rand/Malawian Kwacha (FOREX:ZARMWK)
Strong Uptrend (+100) - ZARMWK is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, ZARMWK continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in 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.
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MarketClub’s Trade Triangles for ZARMWK
The long-term trend has been UP since Jul 13th, 2020 at 43.712674
The intermediate-term trend has been UP since Feb 1st, 2021 at 50.984073
The short-term trend has been UP since Feb 1st, 2021 at 50.843384
Smart Scan Analysis for ZARMWK
Based on our trend formula, ZARMWK is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 53.938043 | 53.938043 | 53.938043 | 53.938043 | 0.000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 53.938043 | 2021-02-24 07:23:17 |