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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 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.
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MarketClub’s Trade Triangles for MGAZAR
The long-term trend has been DOWN since Sep 18th, 2024 at 0.00382640
The intermediate-term trend has been UP since Nov 11th, 2024 at 0.00388779
The short-term trend has been DOWN since Nov 18th, 2024 at 0.00386917
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.00387655 | 0.00389393 | 0.00387022 | 0.00388722 | +0.00001100 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.00387655 | 2024-11-20 03:44:53 |