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Forex Trend Analysis Report

Prepared for you on Sunday, May 19, 2019.

Malawian Kwacha/South African Rand (FOREX:MWKZAR)

Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend 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.

FOREX_MWKZAR
Open High Low MWKZAR Price Change
0.019883 0.020061 0.019849 0.020041 +0.000158
Entry Signal

MarketClub’s Trade Triangles for MWKZAR

long term up The long term trend has been UP since Mar 14th, 2019 at 0.020050

intermediate term up The intermediate term trend has been UP since Apr 24th, 2019 at 0.019763

short term up The short term trend has been UP since May 17th, 2019 at 0.019790

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).

+90
Smart Scan Analysis for MWKZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.019883 0.020061 0.019849 0.020041 +0.000158
Prev. Close Volume Bid Ask Time
0.019481 0.019534 0.020548 2019-05-17 14:10:33
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