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Forex Trend Analysis Report
Prepared for you on Monday, June 5, 2023.
South African Rand/Malagasy Ariary (FOREX:ZARMGA)
Weak Downtrend (-65) - ZARMGA is showing signs of a strengthening downtrend. Monitor ZARMGA as it may be building momentum to the downside.
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 DOWN since Apr 11th, 2023 at 229.88960
The intermediate-term trend has been DOWN since May 9th, 2023 at 236.30617
The short-term trend has been UP since Jun 2nd, 2023 at 224.86125
Smart Scan Analysis for ZARMGA
Based on our trend formula, ZARMGA is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
-65
Strong Downtrend
Sideways
Strong Uptrend
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 226.93121 | 229.44422 | 226.73571 | 228.12811 | +1.19690 |
| Prev. Close | Volume | Bid | Ask | Time |
| 226.93121 | 2023-06-05 16:35:33 |
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