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Forex Trend Analysis Report

Prepared for you on Monday, April 22, 2024.

Malawian Kwacha/Euro (FOREX:MWKEUR)

Bear Market Rally (-75) - MWKEUR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on MWKEUR as it may be in the beginning of a reversal.

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.

FOREX_MWKEUR
Open High Low MWKEUR Price Change
0.00054166 0.00054166 0.00054166 0.00054166 0.00000000
Entry Signal

MarketClub’s Trade Triangles for MWKEUR

long term down The long-term trend has been DOWN since Apr 5th, 2023 at 0.00089145

intermediate term up The intermediate-term trend has been UP since Apr 14th, 2024 at 0.00053767

short term down The short-term trend has been DOWN since Apr 22nd, 2024 at 0.00054186

Smart Scan Analysis for MWKEUR

Based on our trend formula, MWKEUR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for MWKEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00054166 0.00054166 0.00054166 0.00054166 0.00000000
Prev. Close Volume Bid Ask Time
0.00054166 2024-04-22 21:01:00
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