Forex Trend Analysis Report
Prepared for you on Tuesday, May 26, 2020.
Malawian Kwacha/British Pound (FOREX:MWKGBP)
Countertrend Up (+85) - MWKGBP is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid MWKGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for MWKGBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MWKGBP
The long-term trend has been UP since Mar 16th, 2020 at 0.00105918
The intermediate-term trend has been UP since May 13th, 2020 at 0.00110498
The short-term trend has been UP since Apr 24th, 2020 at 0.00109035
Smart Scan Analysis for MWKGBP
Based on our trend formula, MWKGBP is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).