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Forex Trend Analysis Report

Prepared for you on Friday, October 15, 2021.

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
4572.42 4572.42 4572.42 4572.42 0.00
Entry Signal

MarketClub’s Trade Triangles for EURMGA

long term up The long-term trend has been UP since May 2nd, 2021 at 4596.30

intermediate term down The intermediate-term trend has been DOWN since Oct 11th, 2021 at 4639.66

short term down The short-term trend has been DOWN since Oct 11th, 2021 at 4639.66

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
4572.42 4572.42 4572.42 4572.42 0.00
Prev. Close Volume Bid Ask Time
4609.41 2021-10-12 07:14:16
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