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Forex Trend Analysis Report

Prepared for you on Thursday, October 18, 2018.

British Pound/Malawian Kwacha (FOREX:GBPMWK)

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.

Open High Low GBPMWK Price Change
951.980 954.735 951.320 954.295 +2.315
Entry Signal

MarketClub’s Trade Triangles for GBPMWK

long term down The long term trend has been DOWN since Jul 15th, 2018 at 950.9704

intermediate term up The intermediate term trend has been UP since Aug 29th, 2018 at 943.7400

short term down The short term trend has been DOWN since Oct 15th, 2018 at 955.4400

Smart Scan Analysis for GBPMWK

Based on a pre-defined weighted trend formula for chart analysis, GBPMWK scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for GBPMWK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
951.980 954.735 951.320 954.295 +2.315
Prev. Close Volume Bid Ask Time
951.980 943.270 965.320 2018-10-18 08:09:43
Want to analyze British Pound/Malawian Kwacha GBPMWK or another symbol? Try our Free Forex Trend Analysis Report.