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Forex Trend Analysis Report
Prepared for you on Sunday, December 22, 2024.
Malagasy Ariary/British Pound (FOREX:MGAGBP)
Sidelines Mode (+50) - MGAGBP is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until MGAGBP can gain momentum.
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 DOWN since Jul 8th, 2024 at 0.00017413
The intermediate-term trend has been UP since Dec 21st, 2024 at 0.00016914
The short-term trend has been UP since Dec 18th, 2024 at 0.00016742
Smart Scan Analysis for MGAGBP
Based on our trend formula, MGAGBP is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.0001695 | 0.0001695 | 0.0001695 | 0.0001695 | 0.0000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.0001695 | 2024-12-21 08:23:56 |