Forex Trend Analysis Report
Prepared for you on Thursday, June 30, 2022.
US Dollar/Malagasy Ariary (FOREX:USDMGA)
Strong Uptrend (+100) - USDMGA is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, USDMGA continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 Mar 24th, 2022 at 4043.8701
The intermediate-term trend has been UP since Jun 3rd, 2022 at 4047.1579
The short-term trend has been UP since Jun 8th, 2022 at 4049.0097
Smart Scan Analysis for USDMGA
Based on our trend formula, USDMGA is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).