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Forex Trend Analysis Report
Prepared for you on Thursday, November 21, 2024.
British Pound/Malawian Kwacha (FOREX:GBPMWK)
Long-Term Downtrend (-90) - GBPMWK is in a strong downtrend that is likely to continue. While GBPMWK is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 DOWN since Oct 9th, 2024 at 2285.2704
The short-term trend has been DOWN since Nov 17th, 2024 at 2233.7595
Smart Scan Analysis for GBPMWK
Based on our trend formula, GBPMWK is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2196.0116 | 2196.0116 | 2196.0116 | 2196.0116 | 0.0000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2196.0116 | 2024-11-20 19:11:56 |