Forex Trend Analysis Report
Prepared for you on Tuesday, December 5, 2023.
US Dollar/Malawian Kwacha (FOREX:USDMWK)
Bull Market Weakness (+75) - USDMWK is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on USDMWK as it may be in the beginning stages of a reversal.
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 Sep 19th, 2023 at 1100.0
The intermediate-term trend has been UP since Nov 12th, 2023 at 1143.0
The short-term trend has been DOWN since Dec 5th, 2023 at 1683.5
Smart Scan Analysis for USDMWK
Based on our trend formula, USDMWK is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).