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Forex Trend Analysis Report

Prepared for you on Sunday, December 1, 2024.

Malagasy Ariary/South African Rand (FOREX:MGAZAR)

Sidelines Mode (+55) - MGAZAR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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.

FOREX_MGAZAR
Open High Low MGAZAR Price Change
0.00385471 0.00386780 0.00385177 0.00386539 +0.00001100
Entry Signal

MarketClub’s Trade Triangles for MGAZAR

long term down The long-term trend has been DOWN since Sep 18th, 2024 at 0.00382640

intermediate term up The intermediate-term trend has been UP since Nov 11th, 2024 at 0.00388779

short term down The short-term trend has been DOWN since Nov 29th, 2024 at 0.00383641

Smart Scan Analysis for MGAZAR

Based on our trend formula, MGAZAR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for MGAZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00385471 0.00386780 0.00385177 0.00386539 +0.00001100
Prev. Close Volume Bid Ask Time
0.00385471 2024-12-01 15:18:52
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