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Forex Trend Analysis Report

Prepared for you on Friday, February 22, 2019.

Malawian Kwacha/British Pound (FOREX:MWKGBP)

Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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.

Open High Low MWKGBP Price Change
0.001053 0.001056 0.001052 0.001055 +0.000002
Entry Signal

MarketClub’s Trade Triangles for MWKGBP

long term up The long term trend has been UP since Dec 11th, 2018 at 0.001085

intermediate term up The intermediate term trend has been UP since Feb 14th, 2019 at 0.001071

short term down The short term trend has been DOWN since Feb 18th, 2019 at 0.001064

Smart Scan Analysis for MWKGBP

Based on a pre-defined weighted trend formula for chart analysis, MWKGBP scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for MWKGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.001053 0.001056 0.001052 0.001055 +0.000002
Prev. Close Volume Bid Ask Time
0.001053 0.001035 0.001075 2019-02-22 07:52:14
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