Forex Trend Analysis Report
Prepared for you on Friday, March 22, 2019.
US Dollar/Malawian Kwacha (FOREX:USDMWK)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 USDMWK
The long term trend has been UP since Dec 2nd, 2018 at 734.370
The intermediate term trend has been DOWN since Mar 14th, 2019 at 725.445
The short term trend has been DOWN since Mar 21st, 2019 at 723.390
Smart Scan Analysis for USDMWK
Based on a pre-defined weighted trend formula for chart analysis, USDMWK scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).