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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.

FOREX_EURMGA
Open High Low EURMGA Price Change
4962 4962 4962 4962 0
Entry Signal

MarketClub’s Trade Triangles for EURMGA

long term down The long-term trend has been DOWN since Nov 17th, 2024 at 4933

intermediate term up The intermediate-term trend has been UP since Dec 1st, 2024 at 4941

short term up 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).

+50
Smart Scan Analysis for EURMGA
Strong Downtrend Sideways 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
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