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Forex Trend Analysis Report

Prepared for you on Monday, January 17, 2022.

Malagasy Ariary/US Dollar (FOREX:MGAUSD)

Bull Market Weakness (+75) - MGAUSD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on MGAUSD as it may be in the beginning stages of a reversal.

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

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

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

FOREX_MGAUSD
Open High Low MGAUSD Price Change
0.00025105 0.00025105 0.00025105 0.00025105 0.00000000
Entry Signal

MarketClub’s Trade Triangles for MGAUSD

long term up The long-term trend has been UP since Jan 4th, 2022 at 0.00025290

intermediate term up The intermediate-term trend has been UP since Jan 4th, 2022 at 0.00025290

short term up The short-term trend has been UP since Jan 4th, 2022 at 0.00025179

Smart Scan Analysis for MGAUSD

Based on our trend formula, MGAUSD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for MGAUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00025105 0.00025105 0.00025105 0.00025105 0.00000000
Prev. Close Volume Bid Ask Time
0.00025105 2022-01-17 21:08:24
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