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Forex Trend Analysis Report

Prepared for you on Monday, August 19, 2019.

Malawian Kwacha/British Pound (FOREX:MWKGBP)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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
0.001131 0.001133 0.001129 0.001131 0.000000
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 up The intermediate term trend has been UP since Jul 24th, 2019 at 0.001061

short term down The short term trend has been DOWN since Aug 15th, 2019 at 0.001134

Smart Scan Analysis for MWKGBP

Based on a pre-defined weighted trend formula for chart analysis, MWKGBP scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+85
Smart Scan Analysis for MWKGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.001131 0.001133 0.001129 0.001131 0.000000
Prev. Close Volume Bid Ask Time
0.001131 0.001115 0.001146 2019-08-19 14:27:27
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