Forex Trend Analysis Report
Prepared for you on Friday, February 22, 2019.
British Pound/Malawian Kwacha (FOREX:GBPMWK)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for GBPMWK
The long term trend has been DOWN since Jan 4th, 2019 at 910.880
The intermediate term trend has been DOWN since Feb 14th, 2019 at 934.365
The short term trend has been UP since Feb 18th, 2019 at 939.530
Smart Scan Analysis for GBPMWK
Based on a pre-defined weighted trend formula for chart analysis, GBPMWK scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).