Forex Trend Analysis Report
Prepared for you on Monday, March 30, 2020.
Malawian Kwacha/British Pound (FOREX:MWKGBP)
Sidelines Mode (+55) - MWKGBP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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 UP since Mar 16th, 2020 at 0.00105918
The intermediate-term trend has been UP since Mar 16th, 2020 at 0.00105457
The short-term trend has been DOWN since Mar 29th, 2020 at 0.00113546
Smart Scan Analysis for MWKGBP
Based on our trend formula, MWKGBP is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).