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Forex Trend Analysis Report

Prepared for you on Saturday, July 2, 2022.

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.

FOREX_GBPMGA
Open High Low GBPMGA Price Change
4988.6726 4988.6726 4988.6726 4988.6726 0.0000
Entry Signal

MarketClub’s Trade Triangles for GBPMGA

long term down The long-term trend has been DOWN since Dec 1st, 2021 at 5315.4778

intermediate term down The intermediate-term trend has been DOWN since Jun 17th, 2022 at 5057.6256

short term down The short-term trend has been DOWN since Jun 17th, 2022 at 5057.6256

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).

-90
Smart Scan Analysis for GBPMGA
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4988.6726 4988.6726 4988.6726 4988.6726 0.0000
Prev. Close Volume Bid Ask Time
4994.0485 2022-06-18 05:16:22
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