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Forex Trend Analysis Report

Prepared for you on Friday, May 9, 2025.

South African Rand/Malagasy Ariary (FOREX:ZARMGA)

Bull Market Weakness (+75) - ZARMGA is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on ZARMGA as it may be in the beginning stages 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.

FOREX_ZARMGA
Open High Low ZARMGA Price Change
245.32274 246.63527 245.14947 246.44322 +1.12048
Entry Signal

MarketClub’s Trade Triangles for ZARMGA

long term down The long-term trend has been DOWN since Jan 6th, 2025 at 247.58511

intermediate term up The intermediate-term trend has been UP since May 2nd, 2025 at 246.73453

short term up The short-term trend has been UP since May 2nd, 2025 at 243.76795

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
245.32274 246.63527 245.14947 246.44322 +1.12048
Prev. Close Volume Bid Ask Time
245.32274 2025-05-09 07:12:10
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