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Forex Trend Analysis Report
Prepared for you on Sunday, December 22, 2024.
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.
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MarketClub’s Trade Triangles for GBPMWK
The long-term trend has been DOWN since Nov 17th, 2024 at 2208.4799
The intermediate-term trend has been DOWN since Dec 21st, 2024 at 2187.9307
The short-term trend has been DOWN since Dec 15th, 2024 at 2213.4726
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2168.4036 | 2168.4036 | 2168.4036 | 2168.4036 | 0.0000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2168.4036 | 2024-12-21 08:23:56 |