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.
MarketClub’s Trade Triangles for MGAGBP
The long-term trend has been DOWN since Jan 4th, 2021 at 0.00018757
The intermediate-term trend has been DOWN since Nov 22nd, 2021 at 0.00018735
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).