Forex Trend Analysis Report
Prepared for you on Monday, December 4, 2023.
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.
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 Nov 12th, 2023 at 1396.2545
The short-term trend has been UP since Nov 12th, 2023 at 1396.2545
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).