Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Tuesday, March 28, 2023.
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.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for GBPMGA
The long-term trend has been DOWN since Mar 8th, 2023 at 5145.3575
The intermediate-term trend has been UP since Mar 17th, 2023 at 5195.3070
The short-term trend has been UP since Mar 17th, 2023 at 5151.2766
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 |
|---|---|---|---|---|
| 5215.1581 | 5215.1581 | 5215.1581 | 5215.1581 | 0.0000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 5215.1581 | 2023-03-18 03:55:53 |