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Forex Trend Analysis Report
Prepared for you on Thursday, May 8, 2025.
US Dollar/Malagasy Ariary (FOREX:USDMGA)
Countertrend Down (-85) - USDMGA is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid USDMGA?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDMGA.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for USDMGA
The long-term trend has been DOWN since Mar 28th, 2025 at 4644.1415
The intermediate-term trend has been DOWN since Mar 17th, 2025 at 4666.1554
The short-term trend has been UP since May 2nd, 2025 at 4511.4103
Smart Scan Analysis for USDMGA
Based on our trend formula, USDMGA is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4455 | 4455 | 4455 | 4455 | 0 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4455 | 2025-05-05 15:58:43 |