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Forex Trend Analysis Report

Prepared for you on Friday, March 22, 2019.

US Dollar/Malawian Kwacha (FOREX:USDMWK)

Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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.

FOREX_USDMWK
Open High Low USDMWK Price Change
723.550 731.625 721.695 731.625 +8.075
Entry Signal

MarketClub’s Trade Triangles for USDMWK

long term up The long term trend has been UP since Dec 2nd, 2018 at 734.370

intermediate term down The intermediate term trend has been DOWN since Mar 14th, 2019 at 725.445

short term down The short term trend has been DOWN since Mar 21st, 2019 at 723.390

Smart Scan Analysis for USDMWK

Based on a pre-defined weighted trend formula for chart analysis, USDMWK scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+60
Smart Scan Analysis for USDMWK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
723.550 731.625 721.695 731.625 +8.075
Prev. Close Volume Bid Ask Time
723.550 728.110 735.140 2019-03-21 22:06:27
Want to analyze US Dollar/Malawian Kwacha USDMWK or another symbol? Try our Free Forex Trend Analysis Report.