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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Malawian Kwacha/Euro (FOREX:MWKEUR)
Long-Term Downtrend (-90) - MWKEUR is in a strong downtrend that is likely to continue. While MWKEUR is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid MWKEUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for MWKEUR.
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 MWKEUR
The long-term trend has been DOWN since Apr 5th, 2023 at 0.00089145
The intermediate-term trend has been DOWN since May 8th, 2024 at 0.00053686
The short-term trend has been DOWN since May 3rd, 2024 at 0.00053830
Smart Scan Analysis for MWKEUR
Based on our trend formula, MWKEUR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.00053726 | 0.00053726 | 0.00053726 | 0.00053726 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.00053726 | 2024-05-09 07:26:26 |