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Forex Trend Analysis Report

Prepared for you on Tuesday, April 16, 2024.

South African Rand/Malawian Kwacha (FOREX:ZARMWK)

Weak Downtrend (-65) - ZARMWK is showing signs of a strengthening downtrend. Monitor ZARMWK as it may be building momentum to the downside.

Is it time to buy, sell, or avoid ZARMWK?

MarketClub looks at technical strength and momentum to determine if the timing is right for ZARMWK.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_ZARMWK
Open High Low ZARMWK Price Change
91.11001 91.11001 91.11001 91.11001 0.00000
Entry Signal

MarketClub’s Trade Triangles for ZARMWK

long term up The long-term trend has been UP since Jul 23rd, 2023 at 57.309703

intermediate term down The intermediate-term trend has been DOWN since Apr 16th, 2024 at 91.433240

short term down The short-term trend has been DOWN since Apr 11th, 2024 at 92.758400

Smart Scan Analysis for ZARMWK

Based on our trend formula, ZARMWK is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for ZARMWK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
91.11001 91.11001 91.11001 91.11001 0.00000
Prev. Close Volume Bid Ask Time
91.11001 2024-04-16 07:27:10
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