Forex Trend Analysis Report
Prepared for you on Tuesday, December 5, 2023.
Malagasy Ariary/British Pound (FOREX:MGAGBP)
Strong Downtrend (-100) - MGAGBP is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, MGAGBP continues to fall. 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 Dec 4th, 2023 at 0.00017545
The intermediate-term trend has been DOWN since Nov 19th, 2023 at 0.00017788
The short-term trend has been DOWN since Nov 19th, 2023 at 0.00017828
Smart Scan Analysis for MGAGBP
Based on our trend formula, MGAGBP is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).