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Forex Trend Analysis Report

Prepared for you on Saturday, June 22, 2024.

Malagasy Ariary/British Pound (FOREX:MGAGBP)

Sidelines Mode (-55) - MGAGBP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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
0.00017488 0.00017488 0.00017487 0.00017487 0.00000000
Entry Signal

MarketClub’s Trade Triangles for MGAGBP

long term up The long-term trend has been UP since Mar 28th, 2024 at 0.00017590

intermediate term down The intermediate-term trend has been DOWN since Apr 29th, 2024 at 0.00017974

short term up The short-term trend has been UP since Jun 14th, 2024 at 0.00017648

Smart Scan Analysis for MGAGBP

Based on our trend formula, MGAGBP is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for MGAGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00017488 0.00017488 0.00017487 0.00017487 0.00000000
Prev. Close Volume Bid Ask Time
0.00017487 2024-06-21 21:58:41
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