Forex Trend Analysis Report
Prepared for you on Monday, August 3, 2020.
Euro/Malagasy Ariary (FOREX:EURMGA)
Countertrend Up (+85) - EURMGA is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 Mar 9th, 2020 at 4144.20
The intermediate-term trend has been UP since Apr 30th, 2020 at 4109.68
The short-term trend has been UP since May 12th, 2020 at 4138.98
Smart Scan Analysis for EURMGA
Based on our trend formula, EURMGA is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).