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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
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.
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MarketClub’s Trade Triangles for EURMWK
The long-term trend has been UP since Apr 5th, 2023 at 1121.779
The intermediate-term trend has been UP since Jul 7th, 2024 at 1872.900
The short-term trend has been DOWN since Jul 21st, 2024 at 1889.900
Smart Scan Analysis for EURMWK
Based on our trend formula, EURMWK is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1882.5 | 1882.5 | 1882.5 | 1882.5 | 0.0 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1882.5 | 2024-07-26 14:00:16 |