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Forex Trend Analysis Report
Prepared for you on Monday, December 9, 2024.
British Pound/Malawian Kwacha (FOREX:GBPMWK)
Sidelines Mode (+50) - GBPMWK is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until GBPMWK can gain momentum.
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.
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MarketClub’s Trade Triangles for GBPMWK
The long-term trend has been DOWN since Nov 17th, 2024 at 2208.4799
The intermediate-term trend has been UP since Dec 4th, 2024 at 2198.2777
The short-term trend has been UP since Dec 4th, 2024 at 2196.0116
Smart Scan Analysis for GBPMWK
Based on our trend formula, GBPMWK is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2216.2531 | 2216.2531 | 2216.2531 | 2216.2531 | 0.0000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2216.2531 | 2024-12-08 21:06:26 |