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Forex Trend Analysis Report

Prepared for you on Wednesday, July 17, 2019.

Malawian Kwacha/US Dollar (FOREX:MWKUSD)

Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_MWKUSD
Open High Low MWKUSD Price Change
0.001307 0.001310 0.001307 0.001310 +0.000003
Entry Signal

MarketClub’s Trade Triangles for MWKUSD

long term down The long term trend has been DOWN since May 26th, 2019 at 0.001356

intermediate term down The intermediate term trend has been DOWN since May 26th, 2019 at 0.001356

short term up The short term trend has been UP since Jul 15th, 2019 at 0.001296

Smart Scan Analysis for MWKUSD

Based on a pre-defined weighted trend formula for chart analysis, MWKUSD scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-55
Smart Scan Analysis for MWKUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.001307 0.001310 0.001307 0.001310 +0.000003
Prev. Close Volume Bid Ask Time
0.001307 0.001281 0.001340 2019-07-17 14:27:07
Want to analyze Malawian Kwacha/US Dollar MWKUSD or another symbol? Try our Free Forex Trend Analysis Report.