Forex Trend Analysis Report
Prepared for you on Friday, December 15, 2017.
Euro/Malawian Kwacha (FOREX:EURMWK)
Smart Scan Chart Analysis indicates that the upward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range 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 EURMWK
The long term trend has been DOWN since Nov 7th, 2017 at 839.6222
The intermediate term trend has been UP since Nov 15th, 2017 at 857.9363
The short term trend has been UP since Dec 14th, 2017 at 856.3451
Smart Scan Analysis for EURMWK
Based on a pre-defined weighted trend formula for chart analysis, EURMWK scored +50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).