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Forex Trend Analysis Report
Prepared for you on Sunday, October 24, 2021.
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 Jul 27th, 2020 at 931.3138
The intermediate-term trend has been UP since Oct 19th, 2021 at 1119.2864
The short-term trend has been UP since Sep 27th, 2021 at 1117.3057
Smart Scan Analysis for GBPMWK
Based on our trend formula, GBPMWK is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1124.1758 | 1124.1758 | 1124.1758 | 1124.1758 | 0.0000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1124.1758 | 2021-10-23 17:27:53 |