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Forex Trend Analysis Report

Prepared for you on Wednesday, April 8, 2020.

British Pound/ (FOREX:GBPMGA)

Bear Market Rally (-75) - GBPMGA is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on GBPMGA as it may be in the beginning of a reversal.

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
4664.5541 4664.5541 4664.5541 4664.5541 0.0000
Entry Signal

MarketClub’s Trade Triangles for GBPMGA

long term down The long-term trend has been DOWN since Mar 16th, 2020 at 4737.4959

intermediate term down The intermediate-term trend has been DOWN since Mar 5th, 2020 at 4796.1302

short term up The short-term trend has been UP since Mar 26th, 2020 at 4517.7771

Smart Scan Analysis for GBPMGA

Based on our trend formula, GBPMGA is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for GBPMGA
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4664.5541 4664.5541 4664.5541 4664.5541 0.0000
Prev. Close Volume Bid Ask Time
4664.5541 4607.7633 4721.3448 2020-04-08 07:14:54
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