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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.
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MarketClub’s Trade Triangles for ZARMGA
The long-term trend has been DOWN since Mar 4th, 2021 at 242.37579
The intermediate-term trend has been DOWN since Feb 26th, 2021 at 248.33565
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).
| 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 |