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Forex Trend Analysis Report

Prepared for you on Thursday, August 18, 2022.

South African Rand/Malagasy Ariary (FOREX:ZARMGA)

Weak Downtrend (-65) - ZARMGA is showing signs of a strengthening downtrend. Monitor ZARMGA as it may be building momentum to the downside.

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
247.06872 252.19779 244.06137 251.14753 +4.07881
Entry Signal

MarketClub’s Trade Triangles for ZARMGA

long term down The long-term trend has been DOWN since May 10th, 2022 at 137.46819

intermediate term up The intermediate-term trend has been UP since Jul 28th, 2022 at 252.11822

short term down The short-term trend has been DOWN since Aug 15th, 2022 at 251.74502

Smart Scan Analysis for ZARMGA

Based on our trend formula, ZARMGA is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for ZARMGA
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
247.06872 252.19779 244.06137 251.14753 +4.07881
Prev. Close Volume Bid Ask Time
247.06872 2022-08-18 22:23:21
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