Forex Trend Analysis Report
Prepared for you on Sunday, February 17, 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.
MarketClub’s Trade Triangles for MWKZAR
The long term trend has been DOWN since Dec 3rd, 2018 at 0.018718
The intermediate term trend has been UP since Feb 13th, 2019 at 0.019164
The short term trend has been UP since Feb 4th, 2019 at 0.018370
Smart Scan Analysis for MWKZAR
Based on a pre-defined weighted trend formula for chart analysis, MWKZAR scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).