Forex Trend Analysis Report

Prepared for you on Tuesday, March 28, 2023.

Malagasy Ariary/South African Rand (FOREX:MGAZAR)

Bear Market Rally (-75) - MGAZAR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on MGAZAR as it may be in the beginning of a reversal.

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.

Open	High	Low	MGAZAR Price	Change
0.00420732	0.00422344	0.00418436	0.00419972	-0.00000800
Entry Signal

MarketClub’s Trade Triangles for MGAZAR

The long-term trend has been DOWN since Dec 21st, 2022 at 0.00385363

The intermediate-term trend has been DOWN since Mar 23rd, 2023 at 0.00416251

The short-term trend has been UP since Mar 27th, 2023 at 0.00424191

Smart Scan Analysis for MGAZAR

Based on our trend formula, MGAZAR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
0.00420732	0.00422344	0.00418436	0.00419972	-0.00000800
Prev. Close	Volume	Bid	Ask	Time
0.00420732				2023-03-28 11:25:46

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