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.
MarketClub’s Trade Triangles for EURMGA
The long-term trend has been DOWN since Nov 24th, 2021 at 4475.11
The intermediate-term trend has been UP since Jan 13th, 2022 at 4511.88
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).