Forex Trend Analysis Report
Prepared for you on Wednesday, October 20, 2021.
Malawian Kwacha/Euro (FOREX:MWKEUR)
Crossroads (-60) - MWKEUR is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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.
MarketClub’s Trade Triangles for MWKEUR
The long-term trend has been DOWN since Jul 16th, 2020 at 0.00119971
The intermediate-term trend has been UP since Sep 23rd, 2021 at 0.00104518
The short-term trend has been UP since Sep 13th, 2021 at 0.00104022
Smart Scan Analysis for MWKEUR
Based on our trend formula, MWKEUR is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).