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Forex Trend Analysis Report

Prepared for you on Saturday, March 2, 2024.

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
4535.000 4535.000 4488.461 4488.461 -46.539
Entry Signal

MarketClub’s Trade Triangles for USDMGA

long term up The long-term trend has been UP since Dec 8th, 2023 at 4583.8326

intermediate term down The intermediate-term trend has been DOWN since Jan 2nd, 2024 at 4575.0000

short term down The short-term trend has been DOWN since Feb 12th, 2024 at 4532.1705

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
4535.000 4535.000 4488.461 4488.461 -46.539
Prev. Close Volume Bid Ask Time
4488.461 2024-03-01 21:15:05
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