Forex Trend Analysis Report
Prepared for you on Monday, March 1, 2021.
Malagasy Ariary/British Pound (FOREX:MGAGBP)
Long-Term Downtrend (-90) - MGAGBP is in a strong downtrend that is likely to continue. While MGAGBP is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 DOWN since Jan 4th, 2021 at 0.00018757
The intermediate-term trend has been DOWN since Jan 4th, 2021 at 0.00018757
The short-term trend has been DOWN since Feb 23rd, 2021 at 0.00019101
Smart Scan Analysis for MGAGBP
Based on our trend formula, MGAGBP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).