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Forex Trend Analysis Report

Prepared for you on Tuesday, July 5, 2022.

Malagasy Ariary/South African Rand (FOREX:MGAZAR)

Countertrend Up (+85) - MGAZAR is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score 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.

FOREX_MGAZAR
Open High Low MGAZAR Price Change
0.00399024 0.00406491 0.00396639 0.00405977 +0.00007000
Entry Signal

MarketClub’s Trade Triangles for MGAZAR

long term up The long-term trend has been UP since May 10th, 2022 at 0.00727442

intermediate term up The intermediate-term trend has been UP since Jun 13th, 2022 at 0.00398529

short term down The short-term trend has been DOWN since Jul 5th, 2022 at 0.00397587

Smart Scan Analysis for MGAZAR

Based on our trend formula, MGAZAR is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for MGAZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00399024 0.00406491 0.00396639 0.00405977 +0.00007000
Prev. Close Volume Bid Ask Time
0.00399024 2022-07-05 12:17:43
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