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Forex Trend Analysis Report

Prepared for you on Monday, March 18, 2024.

Malagasy Ariary/South African Rand (FOREX:MGAZAR)

Sidelines Mode (-55) - MGAZAR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
0.00417658 0.00422781 0.00416951 0.00421291 +0.00003600
Entry Signal

MarketClub’s Trade Triangles for MGAZAR

long term up The long-term trend has been UP since Mar 1st, 2024 at 0.00812821

intermediate term down The intermediate-term trend has been DOWN since Mar 13th, 2024 at 0.00411813

short term up The short-term trend has been UP since Mar 15th, 2024 at 0.00417524

Smart Scan Analysis for MGAZAR

Based on our trend formula, MGAZAR is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for MGAZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00417658 0.00422781 0.00416951 0.00421291 +0.00003600
Prev. Close Volume Bid Ask Time
0.00417658 2024-03-18 23:32:00
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