Forex Trend Analysis Report
Prepared for you on Thursday, October 28, 2021.
US Dollar/Malagasy Ariary (FOREX:USDMGA)
Strong Uptrend (+100) - USDMGA is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, USDMGA continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
Is it time to buy, sell, or avoid USDMGA?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDMGA.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDMGA
The long-term trend has been UP since Jun 14th, 2021 at 3822.1026
The intermediate-term trend has been UP since Oct 14th, 2021 at 3977.0788
The short-term trend has been UP since Oct 25th, 2021 at 3973.0383
Smart Scan Analysis for USDMGA
Based on our trend formula, USDMGA is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).