Forex Trend Analysis Report
Prepared for you on Friday, December 8, 2023.
Euro/Malawian Kwacha (FOREX:EURMWK)
Sidelines Mode (+55) - EURMWK is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 Apr 5th, 2023 at 1121.779
The intermediate-term trend has been UP since Nov 12th, 2023 at 1217.200
The short-term trend has been DOWN since Dec 6th, 2023 at 1829.200
Smart Scan Analysis for EURMWK
Based on our trend formula, EURMWK is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).