Forex Trend Analysis Report
Prepared for you on Wednesday, October 27, 2021.
Euro/Malawian Kwacha (FOREX:EURMWK)
Weak Downtrend (-65) - EURMWK is showing signs of a strengthening downtrend. Monitor EURMWK as it may be building momentum to the downside.
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 Jul 15th, 2020 at 834.690
The intermediate-term trend has been DOWN since Sep 23rd, 2021 at 956.788
The short-term trend has been DOWN since Sep 13th, 2021 at 961.354
Smart Scan Analysis for EURMWK
Based on our trend formula, EURMWK is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).