Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Malagasy Ariary/British Pound (FOREX:MGAGBP)
Weak Downtrend (-65) - MGAGBP is showing signs of a strengthening downtrend. Monitor MGAGBP as it may be building momentum to the downside.
Is it time to buy, sell, or avoid MGAGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for MGAGBP.
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 MGAGBP
The long-term trend has been UP since Mar 28th, 2024 at 0.00017590
The intermediate-term trend has been DOWN since Apr 29th, 2024 at 0.00017974
The short-term trend has been DOWN since May 8th, 2024 at 0.00018049
Smart Scan Analysis for MGAGBP
Based on our trend formula, MGAGBP is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
Open | High | Low | Price | Change |
---|---|---|---|---|
0.00018038 | 0.00018038 | 0.00018038 | 0.00018038 | 0.00000000 |
Prev. Close | Volume | Bid | Ask | Time |
0.00018038 | 2024-05-08 21:02:50 |