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Forex Trend Analysis Report

Prepared for you on Monday, February 24, 2020.

/US Dollar (FOREX:MGAUSD)

Crossroads (-60) - MGAUSD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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
0.00026796 0.00026796 0.00026796 0.00026796 0.00000000
Entry Signal

MarketClub’s Trade Triangles for MGAUSD

long term up The long-term trend has been UP since Dec 16th, 2019 at 0.00027294

intermediate term down The intermediate-term trend has been DOWN since Feb 16th, 2020 at 0.00026853

short term down The short-term trend has been DOWN since Feb 4th, 2020 at 0.00027145

Smart Scan Analysis for MGAUSD

Based on our trend formula, MGAUSD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for MGAUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00026796 0.00026796 0.00026796 0.00026796 0.00000000
Prev. Close Volume Bid Ask Time
0.00026796 0.00026464 0.00027127 2020-02-24 07:23:01
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