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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.

FOREX_ZARMGA
Open High Low ZARMGA Price Change
239.19141 244.38225 238.62556 241.26244 +2.07103
Entry Signal

MarketClub’s Trade Triangles for ZARMGA

long term down The long-term trend has been DOWN since Aug 22nd, 2023 at 122.53043

intermediate term down The intermediate-term trend has been DOWN since Nov 21st, 2023 at 238.34889

short term down 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).

-100
Smart Scan Analysis for ZARMGA
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
239.19141 244.38225 238.62556 241.26244 +2.07103
Prev. Close Volume Bid Ask Time
239.19141 2023-12-01 17:11:20
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