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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Malagasy Ariary/US Dollar (FOREX:MGAUSD)
Sidelines Mode (-55) - MGAUSD 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 MGAUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for MGAUSD.
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 MGAUSD
The long-term trend has been UP since Mar 1st, 2024 at 0.00022168
The intermediate-term trend has been DOWN since Apr 22nd, 2024 at 0.00022677
The short-term trend has been UP since May 1st, 2024 at 0.00022524
Smart Scan Analysis for MGAUSD
Based on our trend formula, MGAUSD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.00022546 | 0.00022546 | 0.00022546 | 0.00022546 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.00022546 | 2024-05-09 07:26:28 |