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Forex Trend Analysis Report
Prepared for you on Monday, March 1, 2021.
South African Rand/Malagasy Ariary (FOREX:ZARMGA)
Crossroads (-60) - ZARMGA 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 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 Jul 15th, 2020 at 231.78694
The intermediate-term trend has been DOWN since Feb 26th, 2021 at 248.33565
The short-term trend has been DOWN since Feb 25th, 2021 at 252.70286
Smart Scan Analysis for ZARMGA
Based on our trend formula, ZARMGA is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 247.99935 | 252.21674 | 246.44888 | 251.31241 | +3.31306 |
| Prev. Close | Volume | Bid | Ask | Time |
| 247.99935 | 2021-03-01 12:03:54 |