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.
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 UP since Aug 29th, 2018 at 943.7400
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).