Forex Trend Analysis Report
Prepared for you on Friday, January 27, 2023.
Euro/Malawian Kwacha (FOREX:EURMWK)
Countertrend Up (+85) - EURMWK 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 EURMWK?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURMWK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EURMWK
The long-term trend has been UP since Nov 11th, 2022 at 1051.946
The intermediate-term trend has been UP since Nov 11th, 2022 at 1028.781
The short-term trend has been UP since Jan 24th, 2023 at 1106.098
Smart Scan Analysis for EURMWK
Based on our trend formula, EURMWK is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).