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Forex Trend Analysis Report

Prepared for you on Friday, March 29, 2024.

South African Rand/Malagasy Ariary (FOREX:ZARMGA)

Bear Market Rally (-75) - ZARMGA is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on ZARMGA as it may be in the beginning of a reversal.

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
231.54965 231.95890 231.12240 231.54649 -0.00316
Entry Signal

MarketClub’s Trade Triangles for ZARMGA

long term down The long-term trend has been DOWN since Mar 1st, 2024 at 123.03998

intermediate term up The intermediate-term trend has been UP since Mar 13th, 2024 at 242.88239

short term down The short-term trend has been DOWN since Mar 21st, 2024 at 236.39950

Smart Scan Analysis for ZARMGA

Based on our trend formula, ZARMGA is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for ZARMGA
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
231.54965 231.95890 231.12240 231.54649 -0.00316
Prev. Close Volume Bid Ask Time
231.54965 2024-03-29 01:42:10
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