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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
British Pound/Malagasy Ariary (FOREX:GBPMGA)
Sidelines Mode (-55) - GBPMGA is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid GBPMGA?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPMGA.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for GBPMGA
The long-term trend has been DOWN since Mar 28th, 2024 at 5685.7826
The intermediate-term trend has been UP since Apr 29th, 2024 at 5564.1332
The short-term trend has been DOWN since May 9th, 2024 at 5528.3431
Smart Scan Analysis for GBPMGA
Based on our trend formula, GBPMGA is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 5526.0546 | 5526.0546 | 5526.0546 | 5526.0546 | 0.0000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 5526.0546 | 2024-05-09 07:26:28 |