Forex Trend Analysis Report
Prepared for you on Tuesday, April 20, 2021.
Euro/Malawian Kwacha (FOREX:EURMWK)
Bull Market Weakness (+75) - EURMWK is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on EURMWK as it may be in the beginning stages of a reversal.
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 Jul 15th, 2020 at 834.690
The intermediate-term trend has been UP since Apr 16th, 2021 at 929.010
The short-term trend has been UP since Apr 6th, 2021 at 921.664
Smart Scan Analysis for EURMWK
Based on our trend formula, EURMWK is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).