Forex Trend Analysis Report
Prepared for you on Monday, February 18, 2019.
Euro/Malawian Kwacha (FOREX:EURMWK)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-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 UP since Dec 5th, 2018 at 859.015
The intermediate term trend has been DOWN since Jan 4th, 2019 at 818.670
The short term trend has been UP since Feb 18th, 2019 at 824.020
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).