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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.

FOREX_GBPMGA
Open High Low GBPMGA Price Change
6010.442 6010.442 6010.442 6010.442 0.000
Entry Signal

MarketClub’s Trade Triangles for GBPMGA

long term up The long-term trend has been UP since Jul 8th, 2024 at 5743.4338

intermediate term up The intermediate-term trend has been UP since Aug 15th, 2024 at 5877.1805

short term down 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).

+55
Smart Scan Analysis for GBPMGA
Strong Downtrend Sideways 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
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