Forex Trend Analysis Report
Prepared for you on Tuesday, December 1, 2020.
British Pound/Malagasy Ariary (FOREX:GBPMGA)
Weak Downtrend (-65) - GBPMGA is showing signs of a strengthening downtrend. Monitor GBPMGA as it may be building momentum to the downside.
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.
MarketClub’s Trade Triangles for GBPMGA
The long-term trend has been UP since Jun 24th, 2020 at 4827.7871
The intermediate-term trend has been DOWN since Nov 30th, 2020 at 5185.3066
The short-term trend has been DOWN since Nov 27th, 2020 at 5216.3241
Smart Scan Analysis for GBPMGA
Based on our trend formula, GBPMGA is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).