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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.

FOREX_MWKUSD
Open High Low MWKUSD Price Change
0.00136250 0.00136250 0.00136250 0.00136250 0.00000000
Entry Signal

MarketClub’s Trade Triangles for MWKUSD

long term up The long term trend has been UP since Sep 19th, 2019 at 0.001380

intermediate term down The intermediate term trend has been DOWN since Sep 25th, 2019 at 0.001354

short term down 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).

-60
Smart Scan Analysis for MWKUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00136250 0.00136250 0.00136250 0.00136250 0.00000000
Prev. Close Volume Bid Ask Time
0.00136250 0.00135583 0.00136918 2019-10-17 07:14:32
Want to analyze Malawian Kwacha/US Dollar MWKUSD or another symbol? Try our Free Forex Trend Analysis Report.