Forex Trend Analysis Report
Prepared for you on Saturday, March 6, 2021.
US Dollar/Malagasy Ariary (FOREX:USDMGA)
Crossroads (-60) - USDMGA is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 Sep 30th, 2020 at 3890.267
The intermediate-term trend has been DOWN since Nov 6th, 2020 at 3895.000
The short-term trend has been DOWN since Mar 4th, 2021 at 3740.987
Smart Scan Analysis for USDMGA
Based on our trend formula, USDMGA is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).