Forex Trend Analysis Report
Prepared for you on Wednesday, March 3, 2021.
Euro/Malagasy Ariary (FOREX:EURMGA)
Weak Downtrend (-65) - EURMGA is showing signs of a strengthening downtrend. Monitor EURMGA as it may be building momentum to the downside.
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 UP since Jan 4th, 2021 at 4809.15
The intermediate-term trend has been DOWN since Jan 14th, 2021 at 4586.92
The short-term trend has been DOWN since Mar 3rd, 2021 at 4533.15
Smart Scan Analysis for EURMGA
Based on our trend formula, EURMGA is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).