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Forex Trend Analysis Report

Prepared for you on Thursday, June 20, 2024.

British Pound/Malagasy Ariary (FOREX:GBPMGA)

Weak Downtrend (-65) - GBPMGA is showing signs of a strengthening downtrend. Monitor GBPMGA as it may be building momentum to the downside.

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
5655.2461 5655.2461 5642.2135 5642.9824 -12.2637
Entry Signal

MarketClub’s Trade Triangles for GBPMGA

long term down The long-term trend has been DOWN since Mar 28th, 2024 at 5685.7826

intermediate term up The intermediate-term trend has been UP since Apr 29th, 2024 at 5564.1332

short term down The short-term trend has been DOWN since Jun 14th, 2024 at 5667.1330

Smart Scan Analysis for GBPMGA

Based on our trend formula, GBPMGA is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for GBPMGA
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5655.2461 5655.2461 5642.2135 5642.9824 -12.2637
Prev. Close Volume Bid Ask Time
5722.1627 2024-06-16 21:00:28
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