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Forex Trend Analysis Report

Prepared for you on Friday, January 24, 2025.

US Dollar/Malagasy Ariary (FOREX:USDMGA)

Crossroads (-60) - USDMGA is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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.

FOREX_USDMGA
Open High Low USDMGA Price Change
4674.2791 4700.0000 4674.2791 4700.0000 +25.7209
Entry Signal

MarketClub’s Trade Triangles for USDMGA

long term up The long-term trend has been UP since Jul 3rd, 2024 at 4526.9454

intermediate term down The intermediate-term trend has been DOWN since Jan 19th, 2025 at 4690.0000

short term down The short-term trend has been DOWN since Jan 24th, 2025 at 4687.7881

Smart Scan Analysis for USDMGA

Based on our trend formula, USDMGA is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for USDMGA
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4674.2791 4700.0000 4674.2791 4700.0000 +25.7209
Prev. Close Volume Bid Ask Time
4674.2791 2025-01-24 15:38:29
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