Forex Trend Analysis Report
Prepared for you on Wednesday, June 29, 2022.
Malawian Kwacha/British Pound (FOREX:MWKGBP)
Crossroads (-60) - MWKGBP is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid MWKGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for MWKGBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MWKGBP
The long-term trend has been DOWN since May 27th, 2022 at 0.00090234
The intermediate-term trend has been UP since Jun 17th, 2022 at 0.00078289
The short-term trend has been UP since Jun 17th, 2022 at 0.00078289
Smart Scan Analysis for MWKGBP
Based on our trend formula, MWKGBP is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).