Forex Trend Analysis Report
Prepared for you on Wednesday, October 17, 2018.
Malawian Kwacha/British Pound (FOREX:MWKGBP)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down 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 MWKGBP
The long term trend has been UP since May 2nd, 2018 at 0.001005
The intermediate term trend has been DOWN since Aug 29th, 2018 at 0.001060
The short term trend has been UP since Oct 17th, 2018 at 0.001047
Smart Scan Analysis for MWKGBP
Based on a pre-defined weighted trend formula for chart analysis, MWKGBP scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).