Forex Trend Analysis Report
Prepared for you on Friday, December 1, 2023.
South African Rand/Malagasy Ariary (FOREX:ZARMGA)
Strong Downtrend (-100) - ZARMGA is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, ZARMGA continues to fall. Traders should use caution and set stops.
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.
MarketClub’s Trade Triangles for ZARMGA
The long-term trend has been DOWN since Aug 22nd, 2023 at 122.53043
The intermediate-term trend has been DOWN since Nov 21st, 2023 at 238.34889
The short-term trend has been DOWN since Nov 30th, 2023 at 239.04793
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).