Forex Trend Analysis Report
Prepared for you on Monday, October 25, 2021.
South African Rand/Malagasy Ariary (FOREX:ZARMGA)
Bull Market Weakness (+75) - ZARMGA is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on ZARMGA as it may be in the beginning stages of a reversal.
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.
MarketClub’s Trade Triangles for ZARMGA
The long-term trend has been UP since May 10th, 2021 at 268.86784
The intermediate-term trend has been UP since Oct 17th, 2021 at 271.25444
The short-term trend has been DOWN since Oct 22nd, 2021 at 268.69472
Smart Scan Analysis for ZARMGA
Based on our trend formula, ZARMGA is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).