Forex Trend Analysis Report
Prepared for you on Monday, December 10, 2018.
Euro/Malawian Kwacha (FOREX:EURMWK)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.
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 Dec 5th, 2018 at 859.015
The intermediate term trend has been UP since Dec 3rd, 2018 at 834.345
The short term trend has been DOWN since Dec 7th, 2018 at 831.170
Smart Scan Analysis for EURMWK
Based on a pre-defined weighted trend formula for chart analysis, EURMWK scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).