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.
MarketClub’s Trade Triangles for EURMTL
The long-term trend has been UP since Jul 14th, 2020 at 0.33456529
The intermediate-term trend has been UP since May 1st, 2020 at 0.32191559
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).