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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.

FOREX_MWKGBP
Open High Low MWKGBP Price Change
0.001043 0.001050 0.001043 0.001046 +0.000003
Entry Signal

MarketClub’s Trade Triangles for MWKGBP

long term up The long term trend has been UP since May 2nd, 2018 at 0.001005

intermediate term down The intermediate term trend has been DOWN since Aug 29th, 2018 at 0.001060

short term up 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).

-55
Smart Scan Analysis for MWKGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.001043 0.001050 0.001043 0.001046 +0.000003
Prev. Close Volume Bid Ask Time
0.001043 0.001034 0.001058 2018-10-17 14:34:47
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