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Forex Trend Analysis Report

Prepared for you on Wednesday, July 6, 2022.

Malagasy Ariary/US Dollar (FOREX:MGAUSD)

Strong Downtrend (-100) - MGAUSD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, MGAUSD continues to fall. Traders should use caution 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
0.00024499 0.00024499 0.00024499 0.00024499 0.00000000
Entry Signal

MarketClub’s Trade Triangles for MGAUSD

long term down The long-term trend has been DOWN since Jan 26th, 2022 at 0.00024997

intermediate term down The intermediate-term trend has been DOWN since Jun 3rd, 2022 at 0.00024712

short term down The short-term trend has been DOWN since Jun 3rd, 2022 at 0.00024712

Smart Scan Analysis for MGAUSD

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

-100
Smart Scan Analysis for MGAUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00024499 0.00024499 0.00024499 0.00024499 0.00000000
Prev. Close Volume Bid Ask Time
0.00024499 2022-07-04 07:15:33
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