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Forex Trend Analysis Report

Prepared for you on Wednesday, January 19, 2022.

Euro/Malagasy Ariary (FOREX:EURMGA)

Crossroads (-60) - EURMGA is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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
4549.11 4549.11 4549.11 4549.11 0.00
Entry Signal

MarketClub’s Trade Triangles for EURMGA

long term down The long-term trend has been DOWN since Nov 24th, 2021 at 4475.11

intermediate term up The intermediate-term trend has been UP since Jan 13th, 2022 at 4511.88

short term up The short-term trend has been UP since Jan 13th, 2022 at 4511.88

Smart Scan Analysis for EURMGA

Based on our trend formula, EURMGA is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for EURMGA
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4549.11 4549.11 4549.11 4549.11 0.00
Prev. Close Volume Bid Ask Time
4533.56 2022-01-17 21:08:24
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