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.
MarketClub’s Trade Triangles for MWKGBP
The long term trend has been UP since Jul 31st, 2019 at 0.001107
The intermediate term trend has been DOWN since Sep 12th, 2019 at 0.001114
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).