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Forex Trend Analysis Report
Prepared for you on Monday, March 1, 2021.
British Pound/Malagasy Ariary (FOREX:GBPMGA)
Bull Market Weakness (+75) - GBPMGA is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on GBPMGA as it may be in the beginning stages 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.
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MarketClub’s Trade Triangles for GBPMGA
The long-term trend has been UP since Jan 4th, 2021 at 5332.0066
The intermediate-term trend has been UP since Jan 4th, 2021 at 5332.0066
The short-term trend has been UP since Feb 23rd, 2021 at 5236.0656
Smart Scan Analysis for GBPMGA
Based on our trend formula, GBPMGA is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 5289.3062 | 5289.3062 | 5289.3062 | 5289.3062 | 0.0000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 5289.3062 | 2021-02-24 07:23:17 |