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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.

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FOREX_MGAGBP
Open High Low MGAGBP Price Change
0.00018908 0.00018908 0.00018908 0.00018908 0.00000000
Entry Signal

MarketClub’s Trade Triangles for MGAGBP

long term down The long-term trend has been DOWN since Jan 4th, 2021 at 0.00018757

intermediate term down The intermediate-term trend has been DOWN since Jan 4th, 2021 at 0.00018757

short term down 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).

-90
Smart Scan Analysis for MGAGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00018908 0.00018908 0.00018908 0.00018908 0.00000000
Prev. Close Volume Bid Ask Time
0.00018908 2021-02-24 07:23:17
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