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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.
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MarketClub’s Trade Triangles for USDMGA
The long-term trend has been UP since Jul 3rd, 2024 at 4526.9454
The intermediate-term trend has been DOWN since Jan 19th, 2025 at 4690.0000
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).
| 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 |