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Forex Trend Analysis Report
Prepared for you on Saturday, February 22, 2025.
British Pound/Malagasy Ariary (FOREX:GBPMGA)
Sidelines Mode (+50) - GBPMGA is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until GBPMGA can gain momentum.
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 DOWN since Dec 29th, 2024 at 5894.2433
The intermediate-term trend has been UP since Feb 5th, 2025 at 5857.7206
The short-term trend has been UP since Feb 16th, 2025 at 5870.7053
Smart Scan Analysis for GBPMGA
Based on our trend formula, GBPMGA is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 5980.552 | 5980.552 | 5980.552 | 5980.552 | 0.000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 5980.552 | 2025-02-22 01:41:06 |