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Forex Trend Analysis Report
Prepared for you on Sunday, October 13, 2024.
British Pound/Malagasy Ariary (FOREX:GBPMGA)
Sidelines Mode (+55) - GBPMGA is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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.
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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 Aug 15th, 2024 at 5877.1805
The short-term trend has been DOWN since Oct 10th, 2024 at 6017.4434
Smart Scan Analysis for GBPMGA
Based on our trend formula, GBPMGA is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 6010.442 | 6010.442 | 6010.442 | 6010.442 | 0.000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 6002.508 | 2024-10-10 07:25:30 |