Forex Trend Analysis Report
Prepared for you on Friday, February 21, 2020.
Euro/Malawian Kwacha (FOREX:EURMWK)
Strong Downtrend (-100) - EURMWK is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
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 DOWN since Feb 11th, 2020 at 805.560
The intermediate-term trend has been DOWN since Jan 20th, 2020 at 818.675
The short-term trend has been DOWN since Feb 5th, 2020 at 812.916
Smart Scan Analysis for EURMWK
Based on our trend formula, EURMWK is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).