Forex Trend Analysis Report
Prepared for you on Sunday, March 26, 2023.
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.
MarketClub’s Trade Triangles for MGAGBP
The long-term trend has been UP since Mar 8th, 2023 at 0.00019437
The intermediate-term trend has been DOWN since Mar 17th, 2023 at 0.00019250
The short-term trend has been DOWN since Mar 17th, 2023 at 0.00019415
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).