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Forex Trend Analysis Report

Prepared for you on Sunday, February 9, 2025.

Malagasy Ariary/US Dollar (FOREX:MGAUSD)

Countertrend Down (-85) - MGAUSD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

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
0.0002113 0.0002113 0.0002113 0.0002113 0.0000000
Entry Signal

MarketClub’s Trade Triangles for MGAUSD

long term down The long-term trend has been DOWN since Jun 21st, 2024 at 0.00022199

intermediate term down The intermediate-term trend has been DOWN since Feb 2nd, 2025 at 0.00021213

short term up The short-term trend has been UP since Feb 2nd, 2025 at 0.00021396

Smart Scan Analysis for MGAUSD

Based on our trend formula, MGAUSD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for MGAUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.0002113 0.0002113 0.0002113 0.0002113 0.0000000
Prev. Close Volume Bid Ask Time
0.0002113 2025-02-08 10:15:33
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