Forex Trend Analysis Report
Prepared for you on Thursday, June 20, 2019.
Malawian Kwacha/South African Rand (FOREX:MWKZAR)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 MWKZAR
The long term trend has been DOWN since Jun 19th, 2019 at 0.019008
The intermediate term trend has been DOWN since Jun 3rd, 2019 at 0.019501
The short term trend has been DOWN since Jun 13th, 2019 at 0.019661
Smart Scan Analysis for MWKZAR
Based on a pre-defined weighted trend formula for chart analysis, MWKZAR scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).