Forex Trend Analysis Report
Prepared for you on Saturday, May 30, 2020.
US Dollar/Malawian Kwacha (FOREX:USDMWK)
Weak Downtrend (-65) - USDMWK is showing signs of a strengthening downtrend. Monitor USDMWK as it may be building momentum to the downside.
Is it time to buy, sell, or avoid USDMWK?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDMWK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDMWK
The long-term trend has been UP since Dec 19th, 2019 at 740.6200
The intermediate-term trend has been DOWN since May 18th, 2020 at 731.6297
The short-term trend has been DOWN since May 25th, 2020 at 735.0000
Smart Scan Analysis for USDMWK
Based on our trend formula, USDMWK is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).