Forex Trend Analysis Report
Prepared for you on Wednesday, April 1, 2020.
/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.
MarketClub’s Trade Triangles for MGAGBP
The long-term trend has been UP since Mar 16th, 2020 at 0.00021112
The intermediate-term trend has been UP since Mar 5th, 2020 at 0.00020853
The short-term trend has been DOWN since Mar 29th, 2020 at 0.00022138
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).