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Forex Trend Analysis Report

Prepared for you on Wednesday, June 19, 2019.

Malawian Kwacha/British Pound (FOREX:MWKGBP)

Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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
0.001056 0.001056 0.001053 0.001054 -0.000002
Entry Signal

MarketClub’s Trade Triangles for MWKGBP

long term down The long term trend has been DOWN since Jun 5th, 2019 at 0.001030

intermediate term down The intermediate term trend has been DOWN since Jun 3rd, 2019 at 0.001056

short term up The short term trend has been UP since Jun 14th, 2019 at 0.001059

Smart Scan Analysis for MWKGBP

Based on a pre-defined weighted trend formula for chart analysis, MWKGBP scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-75
Smart Scan Analysis for MWKGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.001056 0.001056 0.001053 0.001054 -0.000002
Prev. Close Volume Bid Ask Time
0.001056 0.001033 0.001074 2019-06-19 07:44:12
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