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Forex Trend Analysis Report

Prepared for you on Thursday, February 27, 2020.

South African Rand/Malawian Kwacha (FOREX:ZARMWK)

Strong Downtrend (-100) - ZARMWK is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.

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.

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FOREX_ZARMWK
Open High Low ZARMWK Price Change
48.673867 48.673867 48.673867 48.673867 0.000000
Entry Signal

MarketClub’s Trade Triangles for ZARMWK

long term down The long-term trend has been DOWN since Feb 10th, 2020 at 49.042519

intermediate term down The intermediate-term trend has been DOWN since Jan 12th, 2020 at 51.382104

short term down The short-term trend has been DOWN since Feb 10th, 2020 at 49.491975

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).

-100
Smart Scan Analysis for ZARMWK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
48.673867 48.673867 48.673867 48.673867 0.000000
Prev. Close Volume Bid Ask Time
48.039296 48.429595 48.918138 2020-02-24 07:23:04
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