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Forex Trend Analysis Report
Prepared for you on Thursday, December 26, 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.
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MarketClub’s Trade Triangles for ZARMGA
The long-term trend has been UP since Sep 27th, 2024 at 267.84815
The intermediate-term trend has been DOWN since Dec 18th, 2024 at 255.40583
The short-term trend has been DOWN since Dec 16th, 2024 at 263.35436
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 251.17437 | 253.46301 | 249.04615 | 249.93726 | -1.23711 |
| Prev. Close | Volume | Bid | Ask | Time |
| 251.17437 | 2024-12-26 17:03:04 |