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.
MarketClub’s Trade Triangles for MWKGBP
The long term trend has been DOWN since Jun 5th, 2019 at 0.001030
The intermediate term trend has been DOWN since Jun 3rd, 2019 at 0.001056
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).