Forex Trend Analysis Report
Prepared for you on Tuesday, August 21, 2018.
British Pound/Malawian Kwacha (FOREX:GBPMWK)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight money management stops.
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 GBPMWK
The long term trend has been DOWN since Jul 15th, 2018 at 950.9704
The intermediate term trend has been DOWN since Jun 28th, 2018 at 952.7000
The short term trend has been UP since Aug 20th, 2018 at 927.2000
Smart Scan Analysis for GBPMWK
Based on a pre-defined weighted trend formula for chart analysis, GBPMWK scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).