Analyze Symbol

Forex Trend Analysis Report

Prepared for you on Wednesday, October 16, 2019.

US Dollar/Malawian Kwacha (FOREX:USDMWK)

Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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.

Open High Low USDMWK Price Change
729.5 730.0 729.5 730.0 +0.5
Entry Signal

MarketClub’s Trade Triangles for USDMWK

long term down The long term trend has been DOWN since Sep 20th, 2019 at 720.00

intermediate term up The intermediate term trend has been UP since Sep 25th, 2019 at 738.71

short term down The short term trend has been DOWN since Oct 16th, 2019 at 730.49

Smart Scan Analysis for USDMWK

Based on a pre-defined weighted trend formula for chart analysis, USDMWK scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for USDMWK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
729.5 730.0 729.5 730.0 +0.5
Prev. Close Volume Bid Ask Time
729.5 720.0 740.0 2019-10-16 04:43:09
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