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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.

FOREX_USDMGA
Open High Low USDMGA Price Change
3960 3960 3960 3960 0
Entry Signal

MarketClub’s Trade Triangles for USDMGA

long term up The long-term trend has been UP since Jun 14th, 2021 at 3822.1026

intermediate term up The intermediate-term trend has been UP since Oct 14th, 2021 at 3977.0788

short term up 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).

+100
Smart Scan Analysis for USDMGA
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3960 3960 3960 3960 0
Prev. Close Volume Bid Ask Time
3962 2021-10-27 17:41:43
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