Forex Trend Analysis Report
Prepared for you on Monday, May 16, 2022.
British Pound/Malawian Kwacha (FOREX:GBPMWK)
Strong Downtrend (-100) - GBPMWK is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, GBPMWK continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid GBPMWK?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPMWK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GBPMWK
The long-term trend has been DOWN since Nov 5th, 2021 at 1106.7573
The intermediate-term trend has been DOWN since Jan 24th, 2022 at 1101.1190
The short-term trend has been DOWN since Mar 31st, 2022 at 1072.5278
Smart Scan Analysis for GBPMWK
Based on our trend formula, GBPMWK is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).