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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
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.
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MarketClub’s Trade Triangles for GBPMWK
The long-term trend has been UP since Apr 5th, 2023 at 1273.0890
The intermediate-term trend has been UP since Jul 7th, 2024 at 2212.1302
The short-term trend has been DOWN since Jul 21st, 2024 at 2249.5328
Smart Scan Analysis for GBPMWK
Based on our trend formula, GBPMWK is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
![Smart Scan Analysis for GBPMWK](/img/sites/trend-web/images/trend-slider.png)
Open | High | Low | Price | Change |
---|---|---|---|---|
2230.8467 | 2230.8467 | 2230.8467 | 2230.8467 | 0.0000 |
Prev. Close | Volume | Bid | Ask | Time |
2230.8467 | 2024-07-26 14:00:16 |