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.
MarketClub’s Trade Triangles for GBPMGA
The long-term trend has been DOWN since Mar 16th, 2020 at 4737.4959
The intermediate-term trend has been DOWN since May 13th, 2020 at 4693.9430
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).