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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
British Pound/Malawian Kwacha (FOREX:GBPMWK)
Weak Downtrend (-65) - GBPMWK is showing signs of a strengthening downtrend. Monitor GBPMWK as it may be building momentum to the downside.
Is it time to buy, sell, or avoid GBPMWK?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPMWK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for GBPMWK
The long-term trend has been UP since Apr 5th, 2023 at 1273.0890
The intermediate-term trend has been DOWN since Apr 14th, 2024 at 2175.2354
The short-term trend has been DOWN since May 1st, 2024 at 2168.5637
Smart Scan Analysis for GBPMWK
Based on our trend formula, GBPMWK is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2166.2744 | 2166.7151 | 2166.2744 | 2166.7151 | +0.4407 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2166.2744 | 2024-05-08 21:02:50 |