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Forex Trend Analysis Report

Prepared for you on Sunday, January 19, 2020.

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.

FOREX_GBPMWK
Open High Low GBPMWK Price Change
965.0204 965.0204 965.0204 965.0204 0.0000
Entry Signal

MarketClub’s Trade Triangles for GBPMWK

long term up The long term trend has been UP since Nov 19th, 2019 at 950.2279

intermediate term up The intermediate term trend has been UP since Nov 19th, 2019 at 950.2279

short term down The short term trend has been DOWN since Jan 3rd, 2020 at 964.5515

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).

+55
Smart Scan Analysis for GBPMWK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
965.0204 965.0204 965.0204 965.0204 0.0000
Prev. Close Volume Bid Ask Time
965.0204 960.3053 969.7354 2020-01-12 13:08:57
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