Forex Trend Analysis Report
Prepared for you on Wednesday, July 18, 2018.
Euro/Malawian Kwacha (FOREX:EURMWK)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down 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 EURMWK
The long term trend has been UP since Jun 7th, 2018 at 904.9536
The intermediate term trend has been DOWN since Jul 15th, 2018 at 841.3320
The short term trend has been UP since Jul 16th, 2018 at 849.4600
Smart Scan Analysis for EURMWK
Based on a pre-defined weighted trend formula for chart analysis, EURMWK scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).