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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.

FOREX_MGAGBP
Open High Low MGAGBP Price Change
0.00021424 0.00021424 0.00021424 0.00021424 0.00000000
Entry Signal

MarketClub’s Trade Triangles for MGAGBP

long term up The long-term trend has been UP since Mar 16th, 2020 at 0.00021112

intermediate term up The intermediate-term trend has been UP since Mar 5th, 2020 at 0.00020853

short term down 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).

+55
Smart Scan Analysis for MGAGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00021424 0.00021424 0.00021424 0.00021424 0.00000000
Prev. Close Volume Bid Ask Time
0.00021424 0.00021165 0.00021683 2020-03-31 07:25:25
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