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Forex Trend Analysis Report
Prepared for you on Saturday, December 21, 2024.
Euro/Malagasy Ariary (FOREX:EURMGA)
Strong Downtrend (-100) - EURMGA is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, EURMGA continues to fall. 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.
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MarketClub’s Trade Triangles for EURMGA
The long-term trend has been DOWN since Nov 17th, 2024 at 4933
The intermediate-term trend has been DOWN since Dec 18th, 2024 at 4926
The short-term trend has been DOWN since Dec 18th, 2024 at 4946
Smart Scan Analysis for EURMGA
Based on our trend formula, EURMGA is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4903 | 4903 | 4903 | 4903 | 0 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4903 | 2024-12-21 06:23:55 |