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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.

FOREX_GBPMWK
Open High Low GBPMWK Price Change
896.2365 896.2365 896.2365 896.2365 0.0000
Entry Signal

MarketClub’s Trade Triangles for GBPMWK

long term down The long-term trend has been DOWN since Mar 16th, 2020 at 944.1462

intermediate term down The intermediate-term trend has been DOWN since May 13th, 2020 at 905.0160

short term down 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).

-100
Smart Scan Analysis for GBPMWK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
896.2365 896.2365 896.2365 896.2365 0.0000
Prev. Close Volume Bid Ask Time
896.2365 891.7575 900.7155 2020-05-25 21:04:39
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