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Forex Trend Analysis Report
Prepared for you on Tuesday, December 1, 2020.
British Pound/Malawian Kwacha (FOREX:GBPMWK)
Strong Uptrend (+100) - GBPMWK is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, GBPMWK continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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.
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MarketClub’s Trade Triangles for GBPMWK
The long-term trend has been UP since Jul 27th, 2020 at 931.3138
The intermediate-term trend has been UP since Oct 13th, 2020 at 971.5555
The short-term trend has been UP since Nov 30th, 2020 at 1012.1117
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1015.6745 | 1018.2097 | 1015.6745 | 1018.2097 | +2.5352 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1015.0420 | 2020-11-30 21:00:29 |