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Forex Trend Analysis Report
Prepared for you on Tuesday, February 4, 2025.
US Dollar/Malagasy Ariary (FOREX:USDMGA)
Bull Market Weakness (+75) - USDMGA is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on USDMGA as it may be in the beginning stages of a reversal.
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 UP since Feb 3rd, 2025 at 4716.5200
The short-term trend has been UP since Feb 3rd, 2025 at 4716.5200
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4730.977 | 4730.977 | 4690.000 | 4702.500 | -28.477 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4671.631 | 2025-02-03 17:41:18 |