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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
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.
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MarketClub’s Trade Triangles for USDMGA
The long-term trend has been UP since Jul 3rd, 2024 at 4526.9454
The intermediate-term trend has been UP since Apr 22nd, 2024 at 4410.2299
The short-term trend has been UP since Jul 5th, 2024 at 4617.5000
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4549.3886 | 4549.3886 | 4549.3886 | 4549.3886 | 0.0000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4549.3886 | 2024-07-26 14:00:16 |