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Forex Trend Analysis Report

Prepared for you on Friday, March 29, 2024.

British Pound/Malawian Kwacha (FOREX:GBPMWK)

Countertrend Up (+85) - GBPMWK is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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.

FOREX_GBPMWK
Open High Low GBPMWK Price Change
2189.5896 2190.0255 2189.5896 2190.0255 +0.4359
Entry Signal

MarketClub’s Trade Triangles for GBPMWK

long term up The long-term trend has been UP since Apr 5th, 2023 at 1273.0890

intermediate term up The intermediate-term trend has been UP since Feb 26th, 2024 at 2132.3007

short term up The short-term trend has been UP since Mar 28th, 2024 at 2145.1071

Smart Scan Analysis for GBPMWK

Based on our trend formula, GBPMWK is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80
Smart Scan Analysis for GBPMWK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2189.5896 2190.0255 2189.5896 2190.0255 +0.4359
Prev. Close Volume Bid Ask Time
2189.5896 2024-03-29 03:30:08
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