Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Thursday, November 21, 2024.
Euro/Malagasy Ariary (FOREX:EURMGA)
Long-Term Downtrend (-90) - EURMGA is in a strong downtrend that is likely to continue. While EURMGA is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for EURMGA
The long-term trend has been DOWN since Nov 17th, 2024 at 4933
The intermediate-term trend has been DOWN since Oct 10th, 2024 at 5032
The short-term trend has been DOWN since Nov 7th, 2024 at 4974
Smart Scan Analysis for EURMGA
Based on our trend formula, EURMGA is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4941 | 4941 | 4941 | 4941 | 0 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4941 | 2024-11-20 19:11:56 |