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Forex Trend Analysis Report

Prepared for you on Tuesday, December 1, 2020.

British Pound/Malagasy Ariary (FOREX:GBPMGA)

Weak Downtrend (-65) - GBPMGA is showing signs of a strengthening downtrend. Monitor GBPMGA as it may be building momentum to the downside.

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
5050.3824 5062.9886 5050.3824 5062.9886 +12.6062
Entry Signal

MarketClub’s Trade Triangles for GBPMGA

long term up The long-term trend has been UP since Jun 24th, 2020 at 4827.7871

intermediate term down The intermediate-term trend has been DOWN since Nov 30th, 2020 at 5185.3066

short term down The short-term trend has been DOWN since Nov 27th, 2020 at 5216.3241

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
5050.3824 5062.9886 5050.3824 5062.9886 +12.6062
Prev. Close Volume Bid Ask Time
5101.9326 2020-11-30 21:00:29
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