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Forex Trend Analysis Report
Prepared for you on Thursday, April 25, 2024.
Euro/Malagasy Ariary (FOREX:EURMGA)
Sidelines Mode (-55) - EURMGA 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 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 DOWN since Mar 20th, 2024 at 4872
The short-term trend has been UP since Apr 18th, 2024 at 4693
Smart Scan Analysis for EURMGA
Based on our trend formula, EURMGA is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4745 | 4745 | 4745 | 4745 | 0 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4757 | 2024-04-24 21:01:06 |