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.
MarketClub’s Trade Triangles for MWKGBP
The long term trend has been UP since Dec 11th, 2018 at 0.001085
The intermediate term trend has been DOWN since Feb 25th, 2019 at 0.001046
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).