Forex Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
Euro/Maltese Lira (FOREX:EURMTL)
Sidelines Mode (-55) - EURMTL is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 DOWN since Aug 8th, 2021 at 0.34428973
The intermediate-term trend has been DOWN since Sep 19th, 2021 at 0.34345816
The short-term trend has been UP since Oct 19th, 2021 at 0.34112635
Smart Scan Analysis for EURMTL
Based on our trend formula, EURMTL is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).