Forex Trend Analysis Report
Prepared for you on Tuesday, July 5, 2022.
Malagasy Ariary/British Pound (FOREX:MGAGBP)
Bull Market Weakness (+75) - MGAGBP is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on MGAGBP as it may be in the beginning stages of a reversal.
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 Dec 1st, 2021 at 0.00018815
The intermediate-term trend has been UP since Jun 17th, 2022 at 0.00019775
The short-term trend has been UP since Jun 17th, 2022 at 0.00019775
Smart Scan Analysis for MGAGBP
Based on our trend formula, MGAGBP is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).