Analyze Symbol

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.

FOREX_GBPMWK
Open High Low GBPMWK Price Change
932.990 936.620 931.755 936.230 +3.240
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 down The intermediate term trend has been DOWN since Jun 28th, 2018 at 952.7000

short term up 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).

-75
Smart Scan Analysis for GBPMWK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
932.990 936.620 931.755 936.230 +3.240
Prev. Close Volume Bid Ask Time
932.990 925.410 947.050 2018-08-21 14:30:45
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