Forex Trend Analysis Report
Prepared for you on Monday, May 10, 2021.
US Dollar/Malagasy Ariary (FOREX:USDMGA)
Weak Downtrend (-65) - USDMGA is showing signs of a strengthening downtrend. Monitor USDMGA as it may be building momentum to the downside.
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.
MarketClub’s Trade Triangles for USDMGA
The long-term trend has been UP since Sep 30th, 2020 at 3890.267
The intermediate-term trend has been DOWN since Apr 19th, 2021 at 3760.000
The short-term trend has been DOWN since Apr 19th, 2021 at 3767.500
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).