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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
US Dollar/Malagasy Ariary (FOREX:USDMGA)
Crossroads (+60) - USDMGA 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 USDMGA?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDMGA.
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 USDMGA
The long-term trend has been DOWN since Mar 29th, 2024 at 2318.5000
The intermediate-term trend has been UP since Apr 22nd, 2024 at 4410.2299
The short-term trend has been UP since May 8th, 2024 at 4440.0000
Smart Scan Analysis for USDMGA
Based on our trend formula, USDMGA is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4452.5000 | 4452.5000 | 4439.1904 | 4439.1904 | -13.3096 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4452.5000 | 2024-05-08 21:02:50 |