Forex Trend Analysis Report
Prepared for you on Wednesday, October 20, 2021.
Malawian Kwacha/British Pound (FOREX:MWKGBP)
Strong Downtrend (-100) - MWKGBP 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 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 Jul 15th, 2020 at 0.00107378
The intermediate-term trend has been DOWN since Oct 19th, 2021 at 0.00089344
The short-term trend has been DOWN since Sep 27th, 2021 at 0.00089503
Smart Scan Analysis for MWKGBP
Based on our trend formula, MWKGBP is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).