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Forex Trend Analysis Report

Prepared for you on Friday, June 14, 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.

FOREX_MGAUSD
Open High Low MGAUSD Price Change
0.00022473 0.00022473 0.00022473 0.00022473 0.00000000
Entry Signal

MarketClub’s Trade Triangles for MGAUSD

long term up The long-term trend has been UP since Mar 1st, 2024 at 0.00022168

intermediate term down The intermediate-term trend has been DOWN since Apr 22nd, 2024 at 0.00022677

short term down The short-term trend has been DOWN since Jun 9th, 2024 at 0.00022392

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).

-60
Smart Scan Analysis for MGAUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00022473 0.00022473 0.00022473 0.00022473 0.00000000
Prev. Close Volume Bid Ask Time
0.00022473 2024-06-14 07:26:15
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