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Forex Trend Analysis Report

Prepared for you on Thursday, December 26, 2024.

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
5909.0087 5909.0087 5909.0087 5909.0087 0.0000
Entry Signal

MarketClub’s Trade Triangles for GBPMGA

long term up The long-term trend has been UP since Jul 8th, 2024 at 5743.4338

intermediate term down The intermediate-term trend has been DOWN since Dec 24th, 2024 at 5916.6652

short term down The short-term trend has been DOWN since Dec 18th, 2024 at 5973.6103

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
5909.0087 5909.0087 5909.0087 5909.0087 0.0000
Prev. Close Volume Bid Ask Time
6008.9466 2024-12-24 21:00:04
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