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Forex Trend Analysis Report

Prepared for you on Friday, February 22, 2019.

South African Rand/Malawian Kwacha (FOREX:ZARMWK)

Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.

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.

Open High Low ZARMWK Price Change
52.1705 52.2010 52.1235 52.1890 +0.0185
Entry Signal

MarketClub’s Trade Triangles for ZARMWK

long term up The long term trend has been UP since Dec 3rd, 2018 at 53.4335

intermediate term down The intermediate term trend has been DOWN since Feb 13th, 2019 at 52.1970

short term up The short term trend has been UP since Feb 21st, 2019 at 52.2780

Smart Scan Analysis for ZARMWK

Based on a pre-defined weighted trend formula for chart analysis, ZARMWK scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for ZARMWK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
52.1705 52.2010 52.1235 52.1890 +0.0185
Prev. Close Volume Bid Ask Time
52.1705 51.1860 53.1920 2019-02-22 03:59:24
Want to analyze South African Rand/Malawian Kwacha ZARMWK or another symbol? Try our Free Forex Trend Analysis Report.