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Forex Trend Analysis Report

Prepared for you on Tuesday, August 4, 2020.

Euro/Maltese Lira (FOREX:EURMTL)

Countertrend Up (+85) - EURMTL is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

Is it time to buy, sell, or avoid EURMTL?

MarketClub looks at technical strength and momentum to determine if the timing is right for EURMTL.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_EURMTL
Open High Low EURMTL Price Change
0.34465025 0.34608355 0.34344608 0.34587515 +0.00122500
Entry Signal

MarketClub’s Trade Triangles for EURMTL

long term up The long-term trend has been UP since Jul 14th, 2020 at 0.33456529

intermediate term up The intermediate-term trend has been UP since May 1st, 2020 at 0.32191559

short term down The short-term trend has been DOWN since Aug 3rd, 2020 at 0.34369592

Smart Scan Analysis for EURMTL

Based on our trend formula, EURMTL is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for EURMTL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.34465025 0.34608355 0.34344608 0.34587515 +0.00122500
Prev. Close Volume Bid Ask Time
0.34465025 0.34506461 0.34668568 2020-08-04 22:25:45
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