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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Euro/Malagasy Ariary (FOREX:EURMGA)
Bull Market Weakness (+75) - EURMGA is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on EURMGA as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid EURMGA?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURMGA.
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 EURMGA
The long-term trend has been DOWN since Mar 20th, 2024 at 4867
The intermediate-term trend has been UP since May 8th, 2024 at 4766
The short-term trend has been UP since May 8th, 2024 at 4743
Smart Scan Analysis for EURMGA
Based on our trend formula, EURMGA is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4769 | 4769 | 4769 | 4769 | 0 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4769 | 2024-05-08 21:02:50 |