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Forex Trend Analysis Report
Prepared for you on Tuesday, March 21, 2023.
US Dollar/Malagasy Ariary (FOREX:USDMGA)
Strong Downtrend (-100) - USDMGA is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, USDMGA continues to fall. Traders should use caution and set stops.
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 18th, 2023 at 4261.1466
The intermediate-term trend has been DOWN since Mar 18th, 2023 at 4277.8508
The short-term trend has been DOWN since Mar 17th, 2023 at 4320.0000
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 |
|---|---|---|---|---|
| 4238.2079 | 4238.2079 | 4238.2079 | 4238.2079 | 0.0000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4238.2079 | 2023-03-18 03:55:53 |