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Forex Trend Analysis Report

Prepared for you on Tuesday, April 20, 2021.

South African Rand/Malawian Kwacha (FOREX:ZARMWK)

Countertrend Up (+85) - ZARMWK is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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
55.015710 55.211781 55.015710 55.211781 +0.196071
Entry Signal

MarketClub’s Trade Triangles for ZARMWK

long term up The long-term trend has been UP since Jul 13th, 2020 at 43.712674

intermediate term up The intermediate-term trend has been UP since Mar 28th, 2021 at 52.395444

short term up The short-term trend has been UP since Mar 10th, 2021 at 51.009005

Smart Scan Analysis for ZARMWK

Based on our trend formula, ZARMWK is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80
Smart Scan Analysis for ZARMWK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
55.015710 55.211781 55.015710 55.211781 +0.196071
Prev. Close Volume Bid Ask Time
55.015710 2021-04-18 22:47:15
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