Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Monday, April 15, 2024.

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.

FOREX_ZARMGA
Open High Low ZARMGA Price Change
233.95267 234.42312 233.63080 234.30148 +0.34881
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 down The intermediate-term trend has been DOWN since Mar 31st, 2024 at 228.93679

short term down The short-term trend has been DOWN since Apr 10th, 2024 at 232.61364

Smart Scan Analysis for ZARMGA

Based on our trend formula, ZARMGA is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for ZARMGA
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
233.95267 234.42312 233.63080 234.30148 +0.34881
Prev. Close Volume Bid Ask Time
233.95267 2024-04-15 02:25:50
Get a free daily analysis and signals for South African Rand/Malagasy Ariary (ZARMGA) - Request Your Free Report.