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Forex Trend Analysis Report
Prepared for you on Wednesday, February 5, 2025.
Malagasy Ariary/British Pound (FOREX:MGAGBP)
Countertrend Up (+85) - MGAGBP is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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.
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MarketClub’s Trade Triangles for MGAGBP
The long-term trend has been UP since Dec 29th, 2024 at 0.00016968
The intermediate-term trend has been UP since Dec 24th, 2024 at 0.00016903
The short-term trend has been UP since Feb 2nd, 2025 at 0.00017239
Smart Scan Analysis for MGAGBP
Based on our trend formula, MGAGBP is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.00017332 | 0.00017332 | 0.00017196 | 0.00017196 | -0.00000100 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.00017168 | 2025-02-02 14:27:11 |