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Forex Trend Analysis Report

Prepared for you on Friday, October 22, 2021.

US Dollar/Malagasy Ariary (FOREX:USDMGA)

Countertrend Up (+85) - USDMGA is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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
3945 3950 3945 3950 +5
Entry Signal

MarketClub’s Trade Triangles for USDMGA

long term up The long-term trend has been UP since Jun 14th, 2021 at 3822.1026

intermediate term up The intermediate-term trend has been UP since Oct 14th, 2021 at 3977.0788

short term down The short-term trend has been DOWN since Oct 21st, 2021 at 3952.5000

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).

+85
Smart Scan Analysis for USDMGA
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3945 3950 3945 3950 +5
Prev. Close Volume Bid Ask Time
3973 2021-10-21 12:08:24
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