Forex Trend Analysis Report
Prepared for you on Monday, August 15, 2022.
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.
MarketClub’s Trade Triangles for ZARMGA
The long-term trend has been DOWN since May 10th, 2022 at 137.46819
The intermediate-term trend has been UP since Jul 28th, 2022 at 252.11822
The short-term trend has been DOWN since Aug 15th, 2022 at 251.74502
Smart Scan Analysis for ZARMGA
Based on our trend formula, ZARMGA is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).