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Forex Trend Analysis Report

Prepared for you on Friday, May 9, 2025.

Malagasy Ariary/South African Rand (FOREX:MGAZAR)

Weak Downtrend (-65) - MGAZAR is showing signs of a strengthening downtrend. Monitor MGAZAR as it may be building momentum to the downside.

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
0.00407626 0.00407914 0.00405669 0.00405897 -0.00001700
Entry Signal

MarketClub’s Trade Triangles for MGAZAR

long term up The long-term trend has been UP since Jan 6th, 2025 at 0.00404183

intermediate term down The intermediate-term trend has been DOWN since May 2nd, 2025 at 0.00405256

short term down The short-term trend has been DOWN since May 2nd, 2025 at 0.00410240

Smart Scan Analysis for MGAZAR

Based on our trend formula, MGAZAR is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for MGAZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00407626 0.00407914 0.00405669 0.00405897 -0.00001700
Prev. Close Volume Bid Ask Time
0.00407626 2025-05-09 05:14:41
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