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.
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 Nov 12th, 2023 at 0.00071621
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).