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Forex Trend Analysis Report
Prepared for you on Friday, December 6, 2024.
Euro/Malagasy Ariary (FOREX:EURMGA)
Sidelines Mode (+50) - EURMGA is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until EURMGA can gain momentum.
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 DOWN since Nov 17th, 2024 at 4933
The intermediate-term trend has been UP since Dec 1st, 2024 at 4941
The short-term trend has been UP since Dec 1st, 2024 at 4941
Smart Scan Analysis for EURMGA
Based on our trend formula, EURMGA is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4962 | 4962 | 4962 | 4962 | 0 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4962 | 2024-12-06 07:25:21 |