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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Malawian Kwacha/Euro (FOREX:MWKEUR)
Countertrend Down (-85) - MWKEUR is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid MWKEUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for MWKEUR.
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 MWKEUR
The long-term trend has been DOWN since Apr 5th, 2023 at 0.00089145
The intermediate-term trend has been DOWN since Jul 7th, 2024 at 0.00053393
The short-term trend has been UP since Jul 21st, 2024 at 0.00052913
Smart Scan Analysis for MWKEUR
Based on our trend formula, MWKEUR is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
![Smart Scan Analysis for MWKEUR](/img/sites/trend-web/images/trend-slider.png)
Open | High | Low | Price | Change |
---|---|---|---|---|
0.00053121 | 0.00053121 | 0.00053121 | 0.00053121 | 0.00000000 |
Prev. Close | Volume | Bid | Ask | Time |
0.00053121 | 2024-07-26 14:00:16 |