Forex Trend Analysis Report

Prepared for you on Friday, May 10, 2024.

South African Rand/Malagasy Ariary (FOREX:ZARMGA)

Crossroads (+60) - ZARMGA is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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.

Open	High	Low	ZARMGA Price	Change
238.69908	240.54836	238.09271	238.25747	-0.44161
Entry Signal

MarketClub’s Trade Triangles for ZARMGA

The long-term trend has been DOWN since Mar 1st, 2024 at 123.03998

The intermediate-term trend has been UP since Apr 28th, 2024 at 237.85467

The short-term trend has been UP since Apr 25th, 2024 at 231.90990

Smart Scan Analysis for ZARMGA

Based on our trend formula, ZARMGA is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
238.69908	240.54836	238.09271	238.25747	-0.44161
Prev. Close	Volume	Bid	Ask	Time
238.69908				2024-05-10 16:59:59

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