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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Malagasy Ariary/Euro (FOREX:MGAEUR)
Crossroads (-60) - MGAEUR is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid MGAEUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for MGAEUR.
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 MGAEUR
The long-term trend has been UP since Mar 20th, 2024 at 0.00020549
The intermediate-term trend has been DOWN since May 8th, 2024 at 0.00020984
The short-term trend has been DOWN since May 8th, 2024 at 0.00021086
Smart Scan Analysis for MGAEUR
Based on our trend formula, MGAEUR is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.00021006 | 0.00021006 | 0.00021006 | 0.00021006 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.00021006 | 2024-05-09 07:26:28 |