Forex Trend Analysis Report
Prepared for you on Wednesday, October 27, 2021.
Malagasy Ariary/South African Rand (FOREX:MGAZAR)
Weak Downtrend (-65) - MGAZAR is showing signs of a strengthening downtrend. Monitor MGAZAR as it may be building momentum to the downside.
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.
MarketClub’s Trade Triangles for MGAZAR
The long-term trend has been DOWN since May 10th, 2021 at 0.00371930
The intermediate-term trend has been DOWN since Oct 17th, 2021 at 0.00368709
The short-term trend has been UP since Oct 22nd, 2021 at 0.00372154
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).