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Forex Trend Analysis Report

Prepared for you on Monday, April 19, 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.

FOREX_MGAZAR
Open High Low MGAZAR Price Change
0.00374634 0.00379952 0.00371930 0.00378040 +0.00003400
Entry Signal

MarketClub’s Trade Triangles for MGAZAR

long term up The long-term trend has been UP since Mar 4th, 2021 at 0.00412576

intermediate term down The intermediate-term trend has been DOWN since Apr 1st, 2021 at 0.00386130

short term down The short-term trend has been DOWN since Apr 14th, 2021 at 0.00382320

Smart Scan Analysis for MGAZAR

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

-70
Smart Scan Analysis for MGAZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00374634 0.00379952 0.00371930 0.00378040 +0.00003400
Prev. Close Volume Bid Ask Time
0.00374634 2021-04-19 18:01:07
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