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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.

FOREX_ZARMGA
Open High Low ZARMGA Price Change
247.99935 252.21674 246.44888 251.31241 +3.31306
Entry Signal

MarketClub’s Trade Triangles for ZARMGA

long term up The long-term trend has been UP since Jul 15th, 2020 at 231.78694

intermediate term down The intermediate-term trend has been DOWN since Feb 26th, 2021 at 248.33565

short term down 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).

-60
Smart Scan Analysis for ZARMGA
Strong Downtrend Sideways 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
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