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Forex Trend Analysis Report

Prepared for you on Thursday, March 21, 2019.

Malawian Kwacha/British Pound (FOREX:MWKGBP)

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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
0.001046 0.001051 0.001046 0.001050 +0.000004
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 down The intermediate term trend has been DOWN since Feb 25th, 2019 at 0.001046

short term up The short term trend has been UP since Mar 20th, 2019 at 0.001047

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
0.001046 0.001051 0.001046 0.001050 +0.000004
Prev. Close Volume Bid Ask Time
0.001046 0.001026 0.001074 2019-03-21 06:41:18
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