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.
MarketClub’s Trade Triangles for ZARMWK
The long-term trend has been UP since Jul 13th, 2020 at 43.712674
The intermediate-term trend has been UP since Mar 28th, 2021 at 52.395444
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).