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Forex Trend Analysis Report

Prepared for you on Sunday, July 14, 2024.

Malawian Kwacha/South African Rand (FOREX:MWKZAR)

Strong Downtrend (-100) - MWKZAR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, MWKZAR continues to fall. Traders should use caution and set stops.

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.

FOREX_MWKZAR
Open High Low MWKZAR Price Change
0.01045558 0.01046025 0.01043428 0.01043428 -0.00002100
Entry Signal

MarketClub’s Trade Triangles for MWKZAR

long term down The long-term trend has been DOWN since Jul 23rd, 2023 at 0.01744927

intermediate term down The intermediate-term trend has been DOWN since Jun 19th, 2024 at 0.01055307

short term down The short-term trend has been DOWN since Jul 7th, 2024 at 0.01058583

Smart Scan Analysis for MWKZAR

Based on our trend formula, MWKZAR is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-100
Smart Scan Analysis for MWKZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.01045558 0.01046025 0.01043428 0.01043428 -0.00002100
Prev. Close Volume Bid Ask Time
0.01037493 2024-07-11 07:33:34
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