Forex Trend Analysis Report
Prepared for you on Tuesday, October 19, 2021.
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.
MarketClub’s Trade Triangles for GBPMGA
The long-term trend has been UP since Jan 4th, 2021 at 5332.0066
The intermediate-term trend has been DOWN since Oct 11th, 2021 at 5415.4798
The short-term trend has been DOWN since Oct 11th, 2021 at 5425.5511
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).