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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.

FOREX_GBPMWK
Open High Low GBPMWK Price Change
2230.8467 2230.8467 2230.8467 2230.8467 0.0000
Entry Signal

MarketClub’s Trade Triangles for GBPMWK

long term up The long-term trend has been UP since Apr 5th, 2023 at 1273.0890

intermediate term up The intermediate-term trend has been UP since Jul 7th, 2024 at 2212.1302

short term down 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).

+75
Smart Scan Analysis for GBPMWK
Strong Downtrend Sideways Strong Uptrend
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
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