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.
MarketClub’s Trade Triangles for MGAUSD
The long-term trend has been UP since Dec 16th, 2019 at 0.00027294
The intermediate-term trend has been DOWN since Feb 16th, 2020 at 0.00026853
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).