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Forex Trend Analysis Report
Prepared for you on Thursday, December 26, 2024.
Euro/Malawian Kwacha (FOREX:EURMWK)
Long-Term Downtrend (-90) - EURMWK is in a strong downtrend that is likely to continue. While EURMWK is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 DOWN since Nov 7th, 2024 at 1868.8
The intermediate-term trend has been DOWN since Dec 15th, 2024 at 1821.2
The short-term trend has been DOWN since Dec 15th, 2024 at 1832.7
Smart Scan Analysis for EURMWK
Based on our trend formula, EURMWK is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1802.5 | 1802.5 | 1802.5 | 1802.5 | 0.0 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1802.5 | 2024-12-24 21:00:04 |