Forex Trend Analysis Report
Prepared for you on Thursday, June 30, 2022.
Malawian Kwacha/South African Rand (FOREX:MWKZAR)
Crossroads (-60) - MWKZAR is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid MWKZAR?
MarketClub looks at technical strength and momentum to determine if the timing is right for MWKZAR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MWKZAR
The long-term trend has been DOWN since May 27th, 2022 at 0.01777100
The intermediate-term trend has been UP since Jun 17th, 2022 at 0.01534014
The short-term trend has been UP since Jun 17th, 2022 at 0.01503228
Smart Scan Analysis for MWKZAR
Based on our trend formula, MWKZAR is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).