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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.

FOREX_EURMWK
Open High Low EURMWK Price Change
1119.128 1119.128 1119.128 1119.128 0.000
Entry Signal

MarketClub’s Trade Triangles for EURMWK

long term up The long-term trend has been UP since Nov 11th, 2022 at 1051.946

intermediate term up The intermediate-term trend has been UP since Nov 11th, 2022 at 1028.781

short term up 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).

+80
Smart Scan Analysis for EURMWK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1119.128 1119.128 1119.128 1119.128 0.000
Prev. Close Volume Bid Ask Time
1119.128 2023-01-26 07:29:19
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