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Forex Trend Analysis Report
Prepared for you on Tuesday, April 23, 2024.
British Pound/Malagasy Ariary (FOREX:GBPMGA)
Long-Term Downtrend (-90) - GBPMGA is in a strong downtrend that is likely to continue. While GBPMGA is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 DOWN since Mar 20th, 2024 at 5693.2515
The short-term trend has been DOWN since Apr 11th, 2024 at 5517.8441
Smart Scan Analysis for GBPMGA
Based on our trend formula, GBPMGA is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 5479.5633 | 5479.5633 | 5479.5633 | 5479.5633 | 0.0000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 5479.5633 | 2024-04-23 07:26:24 |