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Forex Trend Analysis Report
Prepared for you on Sunday, December 22, 2024.
Malagasy Ariary/US Dollar (FOREX:MGAUSD)
Crossroads (-60) - MGAUSD 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 MGAUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for MGAUSD.
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 MGAUSD
The long-term trend has been DOWN since Jun 21st, 2024 at 0.00022199
The intermediate-term trend has been UP since Dec 18th, 2024 at 0.00021436
The short-term trend has been UP since Dec 18th, 2024 at 0.00021358
Smart Scan Analysis for MGAUSD
Based on our trend formula, MGAUSD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.00021282 | 0.00021282 | 0.00021282 | 0.00021282 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.00021282 | 2024-12-21 08:23:56 |