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Forex Trend Analysis Report

Prepared for you on Thursday, March 28, 2024.

British Pound/Malagasy Ariary (FOREX:GBPMGA)

Strong Downtrend (-100) - GBPMGA is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, GBPMGA continues to fall. Traders should use caution and set stops.

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.

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FOREX_GBPMGA
Open High Low GBPMGA Price Change
5522.5858 5522.5858 5522.5858 5522.5858 0.0000
Entry Signal

MarketClub’s Trade Triangles for GBPMGA

long term down The long-term trend has been DOWN since Mar 28th, 2024 at 5685.7826

intermediate term down The intermediate-term trend has been DOWN since Mar 20th, 2024 at 5693.2515

short term down The short-term trend has been DOWN since Mar 18th, 2024 at 5744.0734

Smart Scan Analysis for GBPMGA

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

-100
Smart Scan Analysis for GBPMGA
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5522.5858 5522.5858 5522.5858 5522.5858 0.0000
Prev. Close Volume Bid Ask Time
5522.5858 2024-03-28 02:42:10
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