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Forex Trend Analysis Report
Prepared for you on Tuesday, December 10, 2024.
South African Rand/Malagasy Ariary (FOREX:ZARMGA)
Strong Uptrend (+100) - ZARMGA is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, ZARMGA 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 ZARMGA?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARMGA.
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 ZARMGA
The long-term trend has been UP since Sep 27th, 2024 at 267.84815
The intermediate-term trend has been UP since Dec 6th, 2024 at 265.02554
The short-term trend has been UP since Nov 29th, 2024 at 259.45732
Smart Scan Analysis for ZARMGA
Based on our trend formula, ZARMGA is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 262.97295 | 264.85548 | 262.07813 | 264.66063 | +1.68768 |
| Prev. Close | Volume | Bid | Ask | Time |
| 262.97295 | 2024-12-10 16:31:14 |