Forex Trend Analysis Report
Prepared for you on Thursday, May 2, 2024.
Malagasy Ariary/South African Rand (FOREX:MGAZAR)
Weak Downtrend (-65) - MGAZAR is showing signs of a strengthening downtrend. Monitor MGAZAR as it may be building momentum to the downside.
Is it time to buy, sell, or avoid MGAZAR?
MarketClub looks at technical strength and momentum to determine if the timing is right for MGAZAR.
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 MGAZAR
The long-term trend has been UP since Mar 1st, 2024 at 0.00812821
The intermediate-term trend has been DOWN since Apr 28th, 2024 at 0.00420402
The short-term trend has been DOWN since Apr 25th, 2024 at 0.00431219
Smart Scan Analysis for MGAZAR
Based on our trend formula, MGAZAR is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
Open | High | Low | Price | Change |
---|---|---|---|---|
0.00420036 | 0.00423070 | 0.00417898 | 0.00418260 | -0.00001800 |
Prev. Close | Volume | Bid | Ask | Time |
0.00420036 | 2024-05-02 23:42:30 |