Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Monday, March 1, 2021.

British Pound/Malagasy Ariary (FOREX:GBPMGA)

Bull Market Weakness (+75) - GBPMGA is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on GBPMGA as it may be in the beginning stages 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.

FOREX_GBPMGA
Open High Low GBPMGA Price Change
5289.3062 5289.3062 5289.3062 5289.3062 0.0000
Entry Signal

MarketClub’s Trade Triangles for GBPMGA

long term up The long-term trend has been UP since Jan 4th, 2021 at 5332.0066

intermediate term up The intermediate-term trend has been UP since Jan 4th, 2021 at 5332.0066

short term up The short-term trend has been UP since Feb 23rd, 2021 at 5236.0656

Smart Scan Analysis for GBPMGA

Based on our trend formula, GBPMGA is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for GBPMGA
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5289.3062 5289.3062 5289.3062 5289.3062 0.0000
Prev. Close Volume Bid Ask Time
5289.3062 2021-02-24 07:23:17
Get a free daily analysis and signals for British Pound/Malagasy Ariary (GBPMGA) - Request Your Free Report.