Forex Trend Analysis Report
Prepared for you on Wednesday, December 7, 2022.
British Pound/Malawian Kwacha (FOREX:GBPMWK)
Bull Market Weakness (+75) - GBPMWK is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on GBPMWK as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid GBPMWK?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPMWK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GBPMWK
The long-term trend has been UP since Dec 6th, 2022 at 1244.6755
The intermediate-term trend has been UP since Nov 11th, 2022 at 1187.6054
The short-term trend has been UP since Nov 11th, 2022 at 1175.1029
Smart Scan Analysis for GBPMWK
Based on our trend formula, GBPMWK is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).