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.
MarketClub’s Trade Triangles for MWKUSD
The long term trend has been DOWN since May 26th, 2019 at 0.001356
The intermediate term trend has been DOWN since May 26th, 2019 at 0.001356
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).