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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Malawian Kwacha/British Pound (FOREX:MWKGBP)
Bear Market Rally (-75) - MWKGBP is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on MWKGBP as it may be in the beginning of a reversal.
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.
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MarketClub’s Trade Triangles for MWKGBP
The long-term trend has been DOWN since Apr 5th, 2023 at 0.00078550
The intermediate-term trend has been DOWN since Jul 7th, 2024 at 0.00045206
The short-term trend has been UP since Jul 21st, 2024 at 0.00044454
Smart Scan Analysis for MWKGBP
Based on our trend formula, MWKGBP is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.00044826 | 0.00044826 | 0.00044826 | 0.00044826 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.00044826 | 2024-07-26 14:00:16 |