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Forex Trend Analysis Report

Prepared for you on Monday, May 25, 2020.

/US Dollar (FOREX:MGAUSD)

Bear Market Rally (-75) - MGAUSD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on MGAUSD as it may be in the beginning of a reversal.

Is it time to buy, sell, or avoid MGAUSD?

MarketClub looks at technical strength and momentum to determine if the timing is right for MGAUSD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_MGAUSD
Open High Low MGAUSD Price Change
0.00026217 0.00026217 0.00026126 0.00026126 -0.00000100
Entry Signal

MarketClub’s Trade Triangles for MGAUSD

long term down The long-term trend has been DOWN since Mar 24th, 2020 at 0.00026751

intermediate term down The intermediate-term trend has been DOWN since Mar 24th, 2020 at 0.00026809

short term up The short-term trend has been UP since May 18th, 2020 at 0.00026196

Smart Scan Analysis for MGAUSD

Based on our trend formula, MGAUSD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for MGAUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00026217 0.00026217 0.00026126 0.00026126 -0.00000100
Prev. Close Volume Bid Ask Time
0.00026154 0.00025815 0.00026438 2020-05-21 21:08:21
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