Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Monday, March 8, 2021.

Malagasy Ariary/US Dollar (FOREX:MGAUSD)

Weak Downtrend (-65) - MGAUSD is showing signs of a strengthening downtrend. Monitor MGAUSD as it may be building momentum to the downside.

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
0.0002643 0.0002643 0.0002643 0.0002643 0.0000000
Entry Signal

MarketClub’s Trade Triangles for MGAUSD

long term up The long-term trend has been UP since Nov 30th, 2020 at 0.00026164

intermediate term down The intermediate-term trend has been DOWN since Mar 8th, 2021 at 0.00026433

short term down The short-term trend has been DOWN since Mar 7th, 2021 at 0.00026613

Smart Scan Analysis for MGAUSD

Based on our trend formula, MGAUSD is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for MGAUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.0002643 0.0002643 0.0002643 0.0002643 0.0000000
Prev. Close Volume Bid Ask Time
0.0002643 2021-03-08 07:19:12
Get a free daily analysis and signals for Malagasy Ariary/US Dollar (MGAUSD) - Request Your Free Report.