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Forex Trend Analysis Report
Prepared for you on Monday, March 31, 2025.
Malagasy Ariary/South African Rand (FOREX:MGAZAR)
Long-Term Uptrend (+90) - MGAZAR is in a strong uptrend that is likely to continue. While MGAZAR is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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.
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MarketClub’s Trade Triangles for MGAZAR
The long-term trend has been UP since Jan 6th, 2025 at 0.00404183
The intermediate-term trend has been UP since Mar 30th, 2025 at 0.00397090
The short-term trend has been UP since Mar 25th, 2025 at 0.00391496
Smart Scan Analysis for MGAZAR
Based on our trend formula, MGAZAR is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.00395893 | 0.00396451 | 0.00391574 | 0.00392810 | -0.00003100 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.00395893 | 2025-03-31 17:10:03 |