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Forex Trend Analysis Report

Prepared for you on Friday, March 5, 2021.

Armenian Dram/Euro (FOREX:AMDEUR)

Bear Market Rally (-75) - AMDEUR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on AMDEUR as it may be in the beginning of a reversal.

Is it time to buy, sell, or avoid AMDEUR?

MarketClub looks at technical strength and momentum to determine if the timing is right for AMDEUR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_AMDEUR
Open High Low AMDEUR Price Change
0.00160112 0.00160112 0.00160112 0.00160112 0.00000000
Entry Signal

MarketClub’s Trade Triangles for AMDEUR

long term down The long-term trend has been DOWN since Jun 24th, 2020 at 0.00186088

intermediate term down The intermediate-term trend has been DOWN since Feb 9th, 2021 at 0.00158231

short term up The short-term trend has been UP since Feb 26th, 2021 at 0.00157040

Smart Scan Analysis for AMDEUR

Based on our trend formula, AMDEUR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for AMDEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00160112 0.00160112 0.00160112 0.00160112 0.00000000
Prev. Close Volume Bid Ask Time
0.00160112 2021-03-05 07:55:16
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