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Forex Trend Analysis Report

Prepared for you on Tuesday, February 4, 2025.

US Dollar/Malagasy Ariary (FOREX:USDMGA)

Bull Market Weakness (+75) - USDMGA is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on USDMGA as it may be in the beginning stages of a reversal.

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
4730.977 4730.977 4690.000 4702.500 -28.477
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 up The intermediate-term trend has been UP since Feb 3rd, 2025 at 4716.5200

short term up The short-term trend has been UP since Feb 3rd, 2025 at 4716.5200

Smart Scan Analysis for USDMGA

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

+70
Smart Scan Analysis for USDMGA
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4730.977 4730.977 4690.000 4702.500 -28.477
Prev. Close Volume Bid Ask Time
4671.631 2025-02-03 17:41:18
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