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.
MarketClub’s Trade Triangles for MGAUSD
The long-term trend has been UP since Nov 30th, 2020 at 0.00026164
The intermediate-term trend has been DOWN since Mar 8th, 2021 at 0.00026433
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).