Forex Trend Analysis Report
Prepared for you on Wednesday, April 8, 2020.
British Pound/ (FOREX:GBPMGA)
Bear Market Rally (-75) - GBPMGA is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on GBPMGA as it may be in the beginning 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.
MarketClub’s Trade Triangles for GBPMGA
The long-term trend has been DOWN since Mar 16th, 2020 at 4737.4959
The intermediate-term trend has been DOWN since Mar 5th, 2020 at 4796.1302
The short-term trend has been UP since Mar 26th, 2020 at 4517.7771
Smart Scan Analysis for GBPMGA
Based on our trend formula, GBPMGA is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).