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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.

FOREX_EURMWK
Open High Low EURMWK Price Change
854.8215 856.9980 854.6764 855.8372 +1.0157
Entry Signal

MarketClub’s Trade Triangles for EURMWK

long term down The long term trend has been DOWN since Nov 7th, 2017 at 839.6222

intermediate term up The intermediate term trend has been UP since Nov 15th, 2017 at 857.9363

short term up 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).

+50
Smart Scan Analysis for EURMWK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
854.8215 856.9980 854.6764 855.8372 +1.0157
Prev. Close Volume Bid Ask Time
854.8215 846.8810 864.7934 2017-12-15 08:46:34
Want to analyze Euro/Malawian Kwacha EURMWK or another symbol? Try our Free Forex Trend Analysis Report.