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Forex Trend Analysis Report

Prepared for you on Tuesday, March 28, 2023.

Euro/Malagasy Ariary (FOREX:EURMGA)

Crossroads (-60) - EURMGA 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 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
4690 4690 4690 4690 0
Entry Signal

MarketClub’s Trade Triangles for EURMGA

long term down The long-term trend has been DOWN since Mar 3rd, 2023 at 4561.97

intermediate term up The intermediate-term trend has been UP since Mar 28th, 2023 at 4580.00

short term up The short-term trend has been UP since Mar 28th, 2023 at 4580.00

Smart Scan Analysis for EURMGA

Based on our trend formula, EURMGA is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for EURMGA
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4690 4690 4690 4690 0
Prev. Close Volume Bid Ask Time
4690 2023-03-28 13:24:48
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