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Forex Trend Analysis Report
Prepared for you on Thursday, April 25, 2024.
Malagasy Ariary/British Pound (FOREX:MGAGBP)
Sidelines Mode (+55) - MGAGBP 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 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.
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MarketClub’s Trade Triangles for MGAGBP
The long-term trend has been UP since Mar 28th, 2024 at 0.00017590
The intermediate-term trend has been UP since Mar 20th, 2024 at 0.00017567
The short-term trend has been DOWN since Apr 23rd, 2024 at 0.00018226
Smart Scan Analysis for MGAGBP
Based on our trend formula, MGAGBP is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.00018102 | 0.00018102 | 0.00018102 | 0.00018102 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.00018102 | 2024-04-24 21:01:06 |