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Forex Trend Analysis Report
Prepared for you on Friday, May 9, 2025.
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.
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MarketClub’s Trade Triangles for EURMGA
The long-term trend has been UP since Mar 12th, 2025 at 4962
The intermediate-term trend has been DOWN since Apr 27th, 2025 at 5114
The short-term trend has been UP since May 2nd, 2025 at 5135
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 5146 | 5146 | 5146 | 5146 | 0 |
| Prev. Close | Volume | Bid | Ask | Time |
| 5146 | 2025-05-04 11:00:59 |