Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Wednesday, May 1, 2024.
Malawian Kwacha/British Pound (FOREX:MWKGBP)
Bull Market Weakness (+75) - MWKGBP is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on MWKGBP as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid MWKGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for MWKGBP.
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 MWKGBP
The long-term trend has been DOWN since Apr 5th, 2023 at 0.00078550
The intermediate-term trend has been UP since Apr 14th, 2024 at 0.00045972
The short-term trend has been UP since May 1st, 2024 at 0.00046114
Smart Scan Analysis for MWKGBP
Based on our trend formula, MWKGBP is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.00046226 | 0.00046226 | 0.00046226 | 0.00046226 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.00046226 | 2024-05-01 07:23:53 |