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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
South African Rand/Malagasy Ariary (FOREX:ZARMGA)
Strong Uptrend (+100) - ZARMGA is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, ZARMGA continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 21st, 2024 at 245.06504
The intermediate-term trend has been UP since Jun 18th, 2024 at 246.02299
The short-term trend has been UP since Jul 26th, 2024 at 248.60318
Smart Scan Analysis for ZARMGA
Based on our trend formula, ZARMGA is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 247.85847 | 249.62700 | 247.79527 | 248.82369 | +0.96522 |
| Prev. Close | Volume | Bid | Ask | Time |
| 247.85847 | 2024-07-26 16:59:56 |