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Forex Trend Analysis Report

Prepared for you on Tuesday, October 19, 2021.

Malagasy Ariary/British Pound (FOREX:MGAGBP)

Crossroads (-60) - MGAGBP 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 MGAGBP?

MarketClub looks at technical strength and momentum to determine if the timing is right for MGAGBP.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_MGAGBP
Open High Low MGAGBP Price Change
0.00018563 0.00018563 0.00018563 0.00018563 0.00000000
Entry Signal

MarketClub’s Trade Triangles for MGAGBP

long term down The long-term trend has been DOWN since Jan 4th, 2021 at 0.00018757

intermediate term up The intermediate-term trend has been UP since Oct 11th, 2021 at 0.00018468

short term up The short-term trend has been UP since Oct 11th, 2021 at 0.00018433

Smart Scan Analysis for MGAGBP

Based on our trend formula, MGAGBP is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for MGAGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00018563 0.00018563 0.00018563 0.00018563 0.00000000
Prev. Close Volume Bid Ask Time
0.00018370 2021-10-12 07:14:16
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