Forex Trend Analysis Report
Prepared for you on Thursday, April 25, 2024.
South African Rand/Malagasy Ariary (FOREX:ZARMGA)
Sidelines Mode (-55) - ZARMGA 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 ZARMGA?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARMGA.
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 ZARMGA
The long-term trend has been DOWN since Mar 1st, 2024 at 123.03998
The intermediate-term trend has been DOWN since Mar 31st, 2024 at 228.93679
The short-term trend has been UP since Apr 25th, 2024 at 231.90990
Smart Scan Analysis for ZARMGA
Based on our trend formula, ZARMGA is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
Open | High | Low | Price | Change |
---|---|---|---|---|
230.50692 | 234.36384 | 230.50332 | 233.89056 | +3.38364 |
Prev. Close | Volume | Bid | Ask | Time |
230.50692 | 2024-04-25 08:03:30 |