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Forex Trend Analysis Report

Prepared for you on Thursday, August 18, 2022.

Malagasy Ariary/South African Rand (FOREX:MGAZAR)

Weak Uptrend (+65) - MGAZAR is showing signs of weakening momentum to the upside. Monitor MGAZAR as it may be in the beginning stages of a reversal.

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

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

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

FOREX_MGAZAR
Open High Low MGAZAR Price Change
0.00404746 0.00407382 0.00404058 0.00405602 +0.00000900
Entry Signal

MarketClub’s Trade Triangles for MGAZAR

long term up The long-term trend has been UP since May 10th, 2022 at 0.00727442

intermediate term down The intermediate-term trend has been DOWN since Jul 28th, 2022 at 0.00396639

short term up The short-term trend has been UP since Aug 15th, 2022 at 0.00397019

Smart Scan Analysis for MGAZAR

Based on our trend formula, MGAZAR is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+65
Smart Scan Analysis for MGAZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00404746 0.00407382 0.00404058 0.00405602 +0.00000900
Prev. Close Volume Bid Ask Time
0.00404746 2022-08-18 06:53:04
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