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.
MarketClub’s Trade Triangles for EURMWK
The long term trend has been DOWN since Aug 30th, 2019 at 799.905
The intermediate term trend has been DOWN since Sep 20th, 2019 at 792.320
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).