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Forex Trend Analysis Report

Prepared for you on Monday, June 5, 2023.

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
226.93121 229.44422 226.73571 228.12811 +1.19690
Entry Signal

MarketClub’s Trade Triangles for ZARMGA

long term down The long-term trend has been DOWN since Apr 11th, 2023 at 229.88960

intermediate term down The intermediate-term trend has been DOWN since May 9th, 2023 at 236.30617

short term up The short-term trend has been UP since Jun 2nd, 2023 at 224.86125

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).

-65
Smart Scan Analysis for ZARMGA
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
226.93121 229.44422 226.73571 228.12811 +1.19690
Prev. Close Volume Bid Ask Time
226.93121 2023-06-05 16:35:33
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