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Forex Trend Analysis Report

Prepared for you on Monday, May 10, 2021.

US Dollar/Malagasy Ariary (FOREX:USDMGA)

Weak Downtrend (-65) - USDMGA is showing signs of a strengthening downtrend. Monitor USDMGA as it may be building momentum to the downside.

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
3749.294 3749.294 3749.294 3749.294 0.000
Entry Signal

MarketClub’s Trade Triangles for USDMGA

long term up The long-term trend has been UP since Sep 30th, 2020 at 3890.267

intermediate term down The intermediate-term trend has been DOWN since Apr 19th, 2021 at 3760.000

short term down The short-term trend has been DOWN since Apr 19th, 2021 at 3767.500

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).

-70
Smart Scan Analysis for USDMGA
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3749.294 3749.294 3749.294 3749.294 0.000
Prev. Close Volume Bid Ask Time
3749.294 2021-05-08 11:31:02
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