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Forex Trend Analysis Report

Prepared for you on Thursday, June 20, 2024.

Euro/Malagasy Ariary (FOREX:EURMGA)

Long-Term Downtrend (-90) - EURMGA is in a strong downtrend that is likely to continue. While EURMGA is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid EURMGA?

MarketClub looks at technical strength and momentum to determine if the timing is right for EURMGA.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_EURMGA
Open High Low EURMGA Price Change
4762 4762 4762 4762 0
Entry Signal

MarketClub’s Trade Triangles for EURMGA

long term down The long-term trend has been DOWN since Mar 20th, 2024 at 4867

intermediate term down The intermediate-term trend has been DOWN since Jun 12th, 2024 at 4800

short term down The short-term trend has been DOWN since Jun 7th, 2024 at 4837

Smart Scan Analysis for EURMGA

Based on our trend formula, EURMGA is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for EURMGA
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4762 4762 4762 4762 0
Prev. Close Volume Bid Ask Time
4836 2024-06-16 21:00:28
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