Forex Trend Analysis Report
Prepared for you on Saturday, May 30, 2020.
British Pound/Malawian Kwacha (FOREX:GBPMWK)
Strong Downtrend (-100) - GBPMWK is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
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.
MarketClub’s Trade Triangles for GBPMWK
The long-term trend has been DOWN since Mar 16th, 2020 at 944.1462
The intermediate-term trend has been DOWN since May 13th, 2020 at 905.0160
The short-term trend has been DOWN since Apr 24th, 2020 at 917.1626
Smart Scan Analysis for GBPMWK
Based on our trend formula, GBPMWK is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).