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Forex Trend Analysis Report

Prepared for you on Sunday, October 21, 2018.

Euro/Malawian Kwacha (FOREX:EURMWK)

Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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
833.260 838.275 831.585 838.055 +4.795
Entry Signal

MarketClub’s Trade Triangles for EURMWK

long term down The long term trend has been DOWN since Aug 10th, 2018 at 829.3278

intermediate term down The intermediate term trend has been DOWN since Oct 1st, 2018 at 841.2200

short term down The short term trend has been DOWN since Oct 17th, 2018 at 839.4400

Smart Scan Analysis for EURMWK

Based on a pre-defined weighted trend formula for chart analysis, EURMWK scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-90
Smart Scan Analysis for EURMWK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
833.260 838.275 831.585 838.055 +4.795
Prev. Close Volume Bid Ask Time
833.260 828.330 847.780 2018-10-19 14:43:07
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