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Forex Trend Analysis Report

Prepared for you on Monday, October 14, 2019.

Euro/Malawian Kwacha (FOREX:EURMWK)

Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_EURMWK
Open High Low EURMWK Price Change
806.52 806.52 806.52 806.52 0.00
Entry Signal

MarketClub’s Trade Triangles for EURMWK

long term down The long term trend has been DOWN since Aug 30th, 2019 at 799.905

intermediate term down The intermediate term trend has been DOWN since Sep 20th, 2019 at 792.320

short term up The short term trend has been UP since Sep 25th, 2019 at 809.460

Smart Scan Analysis for EURMWK

Based on a pre-defined weighted trend formula for chart analysis, EURMWK scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-55
Smart Scan Analysis for EURMWK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
806.52 806.52 806.52 806.52 0.00
Prev. Close Volume Bid Ask Time
810.48 802.52 810.52 2019-10-10 10:52:17
Want to analyze Euro/Malawian Kwacha EURMWK or another symbol? Try our Free Forex Trend Analysis Report.