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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
British Pound/Malagasy Ariary (FOREX:GBPMGA)
Strong Uptrend (+100) - GBPMGA is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, GBPMGA continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in 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.
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MarketClub’s Trade Triangles for GBPMGA
The long-term trend has been UP since Jul 8th, 2024 at 5743.4338
The intermediate-term trend has been UP since Apr 29th, 2024 at 5564.1332
The short-term trend has been UP since Jul 23rd, 2024 at 5849.7826
Smart Scan Analysis for GBPMGA
Based on our trend formula, GBPMGA is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 5856 | 5856 | 5856 | 5856 | 0 |
| Prev. Close | Volume | Bid | Ask | Time |
| 5856 | 2024-07-26 14:00:16 |