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Forex Trend Analysis Report

Prepared for you on Friday, December 8, 2023.

Malawian Kwacha/British Pound (FOREX:MWKGBP)

Long-Term Downtrend (-90) - MWKGBP is in a strong downtrend that is likely to continue. While MWKGBP is showing intraday strength, it remains in the confines of a bearish trend. 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.

FOREX_MWKGBP
Open High Low MWKGBP Price Change
0.00047155 0.00047234 0.00047155 0.00047234 +0.00000100
Entry Signal

MarketClub’s Trade Triangles for MWKGBP

long term down The long-term trend has been DOWN since Apr 5th, 2023 at 0.00078550

intermediate term down The intermediate-term trend has been DOWN since Nov 12th, 2023 at 0.00071621

short term down The short-term trend has been DOWN since Nov 12th, 2023 at 0.00071621

Smart Scan Analysis for MWKGBP

Based on our trend formula, MWKGBP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for MWKGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00047155 0.00047234 0.00047155 0.00047234 +0.00000100
Prev. Close Volume Bid Ask Time
0.00047236 2023-12-06 17:15:15
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