Forex Trend Analysis Report
Prepared for you on Wednesday, December 8, 2021.
Malawian Kwacha/US Dollar (FOREX:MWKUSD)
Long-Term Downtrend (-90) - MWKUSD is in a strong downtrend that is likely to continue. While MWKUSD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid MWKUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for MWKUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MWKUSD
The long-term trend has been DOWN since Jun 24th, 2020 at 0.00135135
The intermediate-term trend has been DOWN since Nov 11th, 2021 at 0.00122194
The short-term trend has been DOWN since Nov 11th, 2021 at 0.00122194
Smart Scan Analysis for MWKUSD
Based on our trend formula, MWKUSD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).