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Forex Trend Analysis Report

Prepared for you on Wednesday, December 7, 2022.

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
1255.3929 1255.3929 1255.3929 1255.3929 0.0000
Entry Signal

MarketClub’s Trade Triangles for GBPMWK

long term up The long-term trend has been UP since Dec 6th, 2022 at 1244.6755

intermediate term up The intermediate-term trend has been UP since Nov 11th, 2022 at 1187.6054

short term up The short-term trend has been UP since Nov 11th, 2022 at 1175.1029

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).

+70
Smart Scan Analysis for GBPMWK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1255.3929 1255.3929 1255.3929 1255.3929 0.0000
Prev. Close Volume Bid Ask Time
1255.3929 2022-12-06 07:22:54
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