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Forex Trend Analysis Report
Prepared for you on Thursday, November 21, 2024.
British Pound/Malagasy Ariary (FOREX:GBPMGA)
Crossroads (-60) - GBPMGA is struggling to move into a solid trend. Beware of choppy markets 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 DOWN since Nov 17th, 2024 at 5936.1461
The short-term trend has been DOWN since Nov 17th, 2024 at 5967.2326
Smart Scan Analysis for GBPMGA
Based on our trend formula, GBPMGA is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 5928.5834 | 5928.5834 | 5928.5834 | 5928.5834 | 0.0000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 5928.5834 | 2024-11-20 19:11:56 |