Forex Trend Analysis Report
Prepared for you on Thursday, June 21, 2018.
Malawian Kwacha/British Pound (FOREX:MWKGBP)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very 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 MWKGBP
The long term trend has been UP since May 2nd, 2018 at 0.001005
The intermediate term trend has been UP since Jun 13th, 2018 at 0.001055
The short term trend has been DOWN since Jun 20th, 2018 at 0.001045
Smart Scan Analysis for MWKGBP
Based on a pre-defined weighted trend formula for chart analysis, MWKGBP scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).