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.
MarketClub’s Trade Triangles for EURMGA
The long-term trend has been UP since May 2nd, 2021 at 4596.30
The intermediate-term trend has been DOWN since Oct 11th, 2021 at 4639.66
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).