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Forex Trend Analysis Report

Prepared for you on Tuesday, March 28, 2023.

British Pound/Malagasy Ariary (FOREX:GBPMGA)

Sidelines Mode (+50) - GBPMGA is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until GBPMGA can gain momentum.

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.

FOREX_GBPMGA
Open High Low GBPMGA Price Change
5215.1581 5215.1581 5215.1581 5215.1581 0.0000
Entry Signal

MarketClub’s Trade Triangles for GBPMGA

long term down The long-term trend has been DOWN since Mar 8th, 2023 at 5145.3575

intermediate term up The intermediate-term trend has been UP since Mar 17th, 2023 at 5195.3070

short term up The short-term trend has been UP since Mar 17th, 2023 at 5151.2766

Smart Scan Analysis for GBPMGA

Based on our trend formula, GBPMGA is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+50
Smart Scan Analysis for GBPMGA
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5215.1581 5215.1581 5215.1581 5215.1581 0.0000
Prev. Close Volume Bid Ask Time
5215.1581 2023-03-18 03:55:53
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