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Forex Trend Analysis Report
Prepared for you on Monday, October 25, 2021.
South African Rand/Malagasy Ariary (FOREX:ZARMGA)
Countertrend Up (+85) - ZARMGA is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 May 10th, 2021 at 268.86784
The intermediate-term trend has been UP since Oct 17th, 2021 at 271.25444
The short-term trend has been DOWN since Oct 22nd, 2021 at 268.69472
Smart Scan Analysis for ZARMGA
Based on our trend formula, ZARMGA is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 268.62273 | 269.98132 | 266.08637 | 267.60543 | -1.01730 |
| Prev. Close | Volume | Bid | Ask | Time |
| 268.62273 | 2021-10-25 19:57:23 |