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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.

FOREX_GBPMWK
Open High Low GBPMWK Price Change
1124.1758 1124.1758 1124.1758 1124.1758 0.0000
Entry Signal

MarketClub’s Trade Triangles for GBPMWK

long term up The long-term trend has been UP since Jul 27th, 2020 at 931.3138

intermediate term up The intermediate-term trend has been UP since Oct 19th, 2021 at 1119.2864

short term up 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).

+70
Smart Scan Analysis for GBPMWK
Strong Downtrend Sideways 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
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