Forex Trend Analysis Report
Prepared for you on Tuesday, March 21, 2023.
Armenian Dram/Euro (FOREX:AMDEUR)
Bull Market Weakness (+75) - AMDEUR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on AMDEUR as it may be in the beginning stages 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.
MarketClub’s Trade Triangles for AMDEUR
The long-term trend has been UP since Mar 8th, 2023 at 0.00244216
The intermediate-term trend has been UP since Feb 6th, 2023 at 0.00234643
The short-term trend has been UP since Feb 6th, 2023 at 0.00234042
Smart Scan Analysis for AMDEUR
Based on our trend formula, AMDEUR is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).