Forex Trend Analysis Report
Prepared for you on Thursday, October 17, 2019.
Malawian Kwacha/US Dollar (FOREX:MWKUSD)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight stops.
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 UP since Sep 19th, 2019 at 0.001380
The intermediate term trend has been DOWN since Sep 25th, 2019 at 0.001354
The short term trend has been DOWN since Sep 25th, 2019 at 0.001360
Smart Scan Analysis for MWKUSD
Based on a pre-defined weighted trend formula for chart analysis, MWKUSD scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).