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Forex Trend Analysis Report

Prepared for you on Friday, October 18, 2019.

Malawian Kwacha/British Pound (FOREX:MWKGBP)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.

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_MWKGBP
Open High Low MWKGBP Price Change
0.00105790 0.00105940 0.00105790 0.00105940 +0.00000100
Entry Signal

MarketClub’s Trade Triangles for MWKGBP

long term up The long term trend has been UP since Jul 31st, 2019 at 0.001107

intermediate term down The intermediate term trend has been DOWN since Sep 12th, 2019 at 0.001114

short term down The short term trend has been DOWN since Oct 13th, 2019 at 0.001107

Smart Scan Analysis for MWKGBP

Based on a pre-defined weighted trend formula for chart analysis, MWKGBP scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-70
Smart Scan Analysis for MWKGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00105790 0.00105940 0.00105790 0.00105940 +0.00000100
Prev. Close Volume Bid Ask Time
0.00105790 0.00105421 0.00106459 2019-10-17 20:06:25
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