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Forex Trend Analysis Report
Prepared for you on Monday, March 31, 2025.
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.
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MarketClub’s Trade Triangles for ZARMGA
The long-term trend has been DOWN since Jan 6th, 2025 at 247.58511
The intermediate-term trend has been DOWN since Mar 30th, 2025 at 251.83828
The short-term trend has been UP since Mar 24th, 2025 at 258.18539
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 252.59370 | 255.38003 | 252.22966 | 254.49904 | +1.90534 |
| Prev. Close | Volume | Bid | Ask | Time |
| 252.59370 | 2025-03-31 16:58:00 |