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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Euro/Malawian Kwacha (FOREX:EURMWK)
Long-Term Uptrend (+90) - EURMWK is in a strong uptrend that is likely to continue. While EURMWK is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid EURMWK?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURMWK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for EURMWK
The long-term trend has been UP since Apr 5th, 2023 at 1121.779
The intermediate-term trend has been UP since May 8th, 2024 at 1862.700
The short-term trend has been UP since May 3rd, 2024 at 1857.700
Smart Scan Analysis for EURMWK
Based on our trend formula, EURMWK is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1863.7 | 1863.7 | 1863.7 | 1863.7 | 0.0 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1863.7 | 2024-05-08 21:02:50 |