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Forex Trend Analysis Report

Prepared for you on Tuesday, October 19, 2021.

British Pound/Malagasy Ariary (FOREX:GBPMGA)

Crossroads (-60) - GBPMGA is struggling to move into a solid trend. Beware of choppy markets 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.

FOREX_GBPMGA
Open High Low GBPMGA Price Change
5387.7796 5387.7796 5387.7796 5387.7796 0.0000
Entry Signal

MarketClub’s Trade Triangles for GBPMGA

long term up The long-term trend has been UP since Jan 4th, 2021 at 5332.0066

intermediate term down The intermediate-term trend has been DOWN since Oct 11th, 2021 at 5415.4798

short term down The short-term trend has been DOWN since Oct 11th, 2021 at 5425.5511

Smart Scan Analysis for GBPMGA

Based on our trend formula, GBPMGA is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for GBPMGA
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5387.7796 5387.7796 5387.7796 5387.7796 0.0000
Prev. Close Volume Bid Ask Time
5444.2922 2021-10-12 07:14:16
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