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Forex Trend Analysis Report

Prepared for you on Saturday, September 21, 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.

Open High Low MWKZAR Price Change
0.020358 0.020813 0.020347 0.020790 +0.000432
Entry Signal

MarketClub’s Trade Triangles for MWKZAR

long term up The long term trend has been UP since Aug 7th, 2019 at 0.020667

intermediate term down The intermediate term trend has been DOWN since Sep 4th, 2019 at 0.020711

short term up The short term trend has been UP since Sep 16th, 2019 at 0.019961

Smart Scan Analysis for MWKZAR

Based on a pre-defined weighted trend formula for chart analysis, MWKZAR scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for MWKZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.020358 0.020813 0.020347 0.020790 +0.000432
Prev. Close Volume Bid Ask Time
0.020358 0.020339 0.021241 2019-09-20 13:43:36
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