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Forex Trend Analysis Report

Prepared for you on Sunday, February 17, 2019.

Malawian Kwacha/South African Rand (FOREX:MWKZAR)

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management 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_MWKZAR
Open High Low MWKZAR Price Change
0.019400 0.019493 0.019289 0.019387 -0.000013
Entry Signal

MarketClub’s Trade Triangles for MWKZAR

long term down The long term trend has been DOWN since Dec 3rd, 2018 at 0.018718

intermediate term up The intermediate term trend has been UP since Feb 13th, 2019 at 0.019164

short term up The short term trend has been UP since Feb 4th, 2019 at 0.018370

Smart Scan Analysis for MWKZAR

Based on a pre-defined weighted trend formula for chart analysis, MWKZAR scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+70
Smart Scan Analysis for MWKZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.019400 0.019493 0.019289 0.019387 -0.000013
Prev. Close Volume Bid Ask Time
0.019400 0.019017 0.019758 2019-02-15 13:22:00
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