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Forex Trend Analysis Report
Prepared for you on Monday, November 18, 2024.
US Dollar/Malawian Kwacha (FOREX:USDMWK)
Strong Downtrend (-100) - USDMWK is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, USDMWK continues to fall. Traders should use caution and set stops.
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.
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MarketClub’s Trade Triangles for USDMWK
The long-term trend has been DOWN since Nov 18th, 2024 at 1726.8463
The intermediate-term trend has been DOWN since Nov 18th, 2024 at 1729.4571
The short-term trend has been DOWN since Nov 18th, 2024 at 1733.7423
Smart Scan Analysis for USDMWK
Based on our trend formula, USDMWK is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1726.186 | 1736.000 | 1726.186 | 1735.000 | +8.814 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1726.186 | 2024-11-18 17:54:33 |