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Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 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.

FOREX_EURMGA
Open High Low EURMGA Price Change
4890 4890 4890 4890 0
Entry Signal

MarketClub’s Trade Triangles for EURMGA

long term up The long-term trend has been UP since Dec 4th, 2023 at 4954

intermediate term up The intermediate-term trend has been UP since Feb 26th, 2024 at 4899

short term down The short-term trend has been DOWN since Mar 18th, 2024 at 4909

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).

+55
Smart Scan Analysis for EURMGA
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4890 4890 4890 4890 0
Prev. Close Volume Bid Ask Time
4890 2024-03-18 08:25:57
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