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.
MarketClub’s Trade Triangles for ZARMWK
The long term trend has been UP since Dec 3rd, 2018 at 53.4335
The intermediate term trend has been DOWN since Feb 13th, 2019 at 52.1970
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).