Forex Trend Analysis Report
Prepared for you on Saturday, October 31, 2020.
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.
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 DOWN since Oct 13th, 2020 at 0.00113630
The short-term trend has been UP since Oct 30th, 2020 at 0.00112202
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).