Forex Trend Analysis Report
Prepared for you on Wednesday, December 6, 2023.
Malagasy Ariary/South African Rand (FOREX:MGAZAR)
Strong Uptrend (+100) - MGAZAR is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, MGAZAR continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
Is it time to buy, sell, or avoid MGAZAR?
MarketClub looks at technical strength and momentum to determine if the timing is right for MGAZAR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MGAZAR
The long-term trend has been UP since Aug 22nd, 2023 at 0.00816176
The intermediate-term trend has been UP since Nov 21st, 2023 at 0.00419553
The short-term trend has been UP since Nov 30th, 2023 at 0.00418276
Smart Scan Analysis for MGAZAR
Based on our trend formula, MGAZAR is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).