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Forex Trend Analysis Report

Prepared for you on Saturday, March 6, 2021.

South African Rand/Malagasy Ariary (FOREX:ZARMGA)

Strong Downtrend (-100) - ZARMGA is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.

Is it time to buy, sell, or avoid ZARMGA?

MarketClub looks at technical strength and momentum to determine if the timing is right for ZARMGA.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_ZARMGA
Open High Low ZARMGA Price Change
245.16622 247.44635 243.30670 243.64183 -1.52439
Entry Signal

MarketClub’s Trade Triangles for ZARMGA

long term down The long-term trend has been DOWN since Mar 4th, 2021 at 242.37579

intermediate term down The intermediate-term trend has been DOWN since Feb 26th, 2021 at 248.33565

short term down The short-term trend has been DOWN since Mar 4th, 2021 at 246.44888

Smart Scan Analysis for ZARMGA

Based on our trend formula, ZARMGA is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-100
Smart Scan Analysis for ZARMGA
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
245.16622 247.44635 243.30670 243.64183 -1.52439
Prev. Close Volume Bid Ask Time
245.16622 2021-03-05 17:00:57
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