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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.

FOREX_GBPMGA
Open High Low GBPMGA Price Change
5330.1472 5330.1472 5330.1472 5330.1472 0.0000
Entry Signal

MarketClub’s Trade Triangles for GBPMGA

long term up The long-term trend has been UP since Jan 4th, 2021 at 5332.0066

intermediate term up The intermediate-term trend has been UP since Nov 22nd, 2021 at 5338.2921

short term down 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).

+55
Smart Scan Analysis for GBPMGA
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5330.1472 5330.1472 5330.1472 5330.1472 0.0000
Prev. Close Volume Bid Ask Time
5330.1472 2021-11-24 07:23:55
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