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Forex Trend Analysis Report

Prepared for you on Monday, June 1, 2020.

British Pound/ (FOREX:GBPMGA)

Strong Downtrend (-100) - GBPMGA is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.

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.

FOREX_GBPMGA
Open High Low GBPMGA Price Change
4667.4990 4667.4990 4667.4990 4667.4990 0.0000
Entry Signal

MarketClub’s Trade Triangles for GBPMGA

long term down The long-term trend has been DOWN since Mar 16th, 2020 at 4737.4959

intermediate term down The intermediate-term trend has been DOWN since May 13th, 2020 at 4693.9430

short term down The short-term trend has been DOWN since May 8th, 2020 at 4739.3199

Smart Scan Analysis for GBPMGA

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

-100
Smart Scan Analysis for GBPMGA
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4667.4990 4667.4990 4667.4990 4667.4990 0.0000
Prev. Close Volume Bid Ask Time
4667.4990 4611.5111 4723.4869 2020-05-25 21:04:39
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