Forex Trend Analysis Report
Prepared for you on Monday, November 29, 2021.
British Pound/Malagasy Ariary (FOREX:GBPMGA)
Sidelines Mode (+55) - GBPMGA is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid GBPMGA?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPMGA.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GBPMGA
The long-term trend has been UP since Jan 4th, 2021 at 5332.0066
The intermediate-term trend has been UP since Nov 22nd, 2021 at 5338.2921
The short-term trend has been DOWN since Nov 5th, 2021 at 5446.7748
Smart Scan Analysis for GBPMGA
Based on our trend formula, GBPMGA is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).