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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
South African Rand/Malagasy Ariary (FOREX:ZARMGA)
Sidelines Mode (-55) - ZARMGA is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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.
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MarketClub’s Trade Triangles for ZARMGA
The long-term trend has been UP since Sep 27th, 2024 at 267.84815
The intermediate-term trend has been DOWN since Nov 11th, 2024 at 257.21529
The short-term trend has been UP since Nov 18th, 2024 at 258.45677
Smart Scan Analysis for ZARMGA
Based on our trend formula, ZARMGA is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 257.96137 | 258.38349 | 256.80994 | 257.22984 | -0.73153 |
| Prev. Close | Volume | Bid | Ask | Time |
| 257.96137 | 2024-11-20 03:44:33 |