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Forex Trend Analysis Report
Prepared for you on Monday, September 16, 2024.
US Dollar/Malawian Kwacha (FOREX:USDMWK)
Crossroads (-60) - USDMWK is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 UP since Sep 19th, 2023 at 1100.0000
The intermediate-term trend has been DOWN since Aug 20th, 2024 at 1732.5000
The short-term trend has been DOWN since Sep 13th, 2024 at 1734.6948
Smart Scan Analysis for USDMWK
Based on our trend formula, USDMWK is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1734.4758 | 1734.4758 | 1734.4758 | 1734.4758 | 0.0000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1736.0000 | 2024-09-14 08:41:44 |