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Forex Trend Analysis Report
Prepared for you on Friday, April 26, 2024.
US Dollar/Malagasy Ariary (FOREX:USDMGA)
Bull Market Weakness (+75) - USDMGA is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on USDMGA as it may be in the beginning stages of a reversal.
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.
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MarketClub’s Trade Triangles for USDMGA
The long-term trend has been DOWN since Mar 29th, 2024 at 2318.5000
The intermediate-term trend has been UP since Apr 22nd, 2024 at 4410.2299
The short-term trend has been UP since Apr 7th, 2024 at 4363.1174
Smart Scan Analysis for USDMGA
Based on our trend formula, USDMGA is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4433.1294 | 4433.1294 | 4433.1294 | 4433.1294 | 0.0000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4434.4182 | 2024-04-24 21:01:06 |