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Forex Trend Analysis Report

Prepared for you on Saturday, June 22, 2024.

British Pound/Malawian Kwacha (FOREX:GBPMWK)

Weak Downtrend (-65) - GBPMWK is showing signs of a strengthening downtrend. Monitor GBPMWK as it may be building momentum to the downside.

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
2189.9131 2190.0426 2189.9131 2190.0426 +0.1295
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 down The intermediate-term trend has been DOWN since Jun 10th, 2024 at 2202.7698

short term down The short-term trend has been DOWN since Jun 10th, 2024 at 2215.0312

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
2189.9131 2190.0426 2189.9131 2190.0426 +0.1295
Prev. Close Volume Bid Ask Time
2190.0426 2024-06-21 21:58:41
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