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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.

FOREX_GBPMWK
Open High Low GBPMWK Price Change
950.080 951.995 945.140 951.710 +1.630
Entry Signal

MarketClub’s Trade Triangles for GBPMWK

long term down The long term trend has been DOWN since Jan 4th, 2019 at 910.880

intermediate term down The intermediate term trend has been DOWN since Feb 14th, 2019 at 934.365

short term up 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).

-55
Smart Scan Analysis for GBPMWK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
950.080 951.995 945.140 951.710 +1.630
Prev. Close Volume Bid Ask Time
950.080 933.470 969.950 2019-02-22 13:16:12
Want to analyze British Pound/Malawian Kwacha GBPMWK or another symbol? Try our Free Forex Trend Analysis Report.