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Forex Trend Analysis Report

Prepared for you on Sunday, November 28, 2021.

Malagasy Ariary/British Pound (FOREX:MGAGBP)

Bear Market Rally (-75) - MGAGBP is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on MGAGBP as it may be in the beginning of a reversal.

Is it time to buy, sell, or avoid MGAGBP?

MarketClub looks at technical strength and momentum to determine if the timing is right for MGAGBP.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_MGAGBP
Open High Low MGAGBP Price Change
0.00018764 0.00018764 0.00018764 0.00018764 0.00000000
Entry Signal

MarketClub’s Trade Triangles for MGAGBP

long term down The long-term trend has been DOWN since Jan 4th, 2021 at 0.00018757

intermediate term down The intermediate-term trend has been DOWN since Nov 22nd, 2021 at 0.00018735

short term up The short-term trend has been UP since Nov 5th, 2021 at 0.00018362

Smart Scan Analysis for MGAGBP

Based on our trend formula, MGAGBP is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for MGAGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00018764 0.00018764 0.00018764 0.00018764 0.00000000
Prev. Close Volume Bid Ask Time
0.00018764 2021-11-24 07:23:55
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