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Forex Trend Analysis Report

Prepared for you on Tuesday, August 4, 2020.

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, SHORTSYMBOL 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.

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FOREX_MGAGBP
Open High Low MGAGBP Price Change
0.00020066 0.00020066 0.00020066 0.00020066 0.00000000
Entry Signal

MarketClub’s Trade Triangles for MGAGBP

long term down The long-term trend has been DOWN since Jun 24th, 2020 at 0.00020716

intermediate term down The intermediate-term trend has been DOWN since Jul 8th, 2020 at 0.00020614

short term down The short-term trend has been DOWN since Jul 27th, 2020 at 0.00020480

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).

-100
Smart Scan Analysis for MGAGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00020066 0.00020066 0.00020066 0.00020066 0.00000000
Prev. Close Volume Bid Ask Time
0.00019842 0.00019844 0.00020288 2020-07-29 04:35:25
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