Forex Trend Analysis Report
Prepared for you on Wednesday, November 29, 2023.
South African Rand/Malawian Kwacha (FOREX:ZARMWK)
Sidelines Mode (+55) - ZARMWK is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 UP since Jul 23rd, 2023 at 57.309703
The intermediate-term trend has been UP since Nov 6th, 2023 at 61.056311
The short-term trend has been DOWN since Nov 23rd, 2023 at 89.782240
Smart Scan Analysis for ZARMWK
Based on our trend formula, ZARMWK is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).